EHang (NASDAQ:EH) Shares Gap Down to $17.49

Shares of EHang Holdings Limited (NASDAQ:EH) gapped down before the market opened on Monday . The stock had previously closed at $17.49, but opened at $16.41. EHang shares last traded at $16.40, with a volume of 1,081,725 shares.

EHang Price Performance

The company’s fifty day moving average price is $15.14 and its two-hundred day moving average price is $15.06. The company has a quick ratio of 1.57, a current ratio of 1.81 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -24.79 and a beta of 1.04.

EHang (NASDAQ:EH) last announced its earnings results on Friday, March 15th. The company reported ($0.16) earnings per share for the quarter. EHang had a negative return on equity of 188.90% and a negative net margin of 257.09%. The company had revenue of $7.97 million during the quarter.

Hedge Funds Weigh In On EHang

Several hedge funds and other institutional investors have recently made changes to their positions in EH. Axim Planning & Wealth increased its stake in shares of EHang by 4.1% during the 4th quarter. Axim Planning & Wealth now owns 3,902,410 shares of the company’s stock worth $65,560,000 after purchasing an additional 155,494 shares during the last quarter. Carmignac Gestion increased its position in EHang by 1.3% during the fourth quarter. Carmignac Gestion now owns 1,893,323 shares of the company’s stock worth $31,813,000 after buying an additional 24,113 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of EHang by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,549,512 shares of the company’s stock worth $27,922,000 after acquiring an additional 24,121 shares during the period. Dorsey Wright & Associates acquired a new position in shares of EHang during the 3rd quarter worth approximately $1,789,000. Finally, Quadrature Capital Ltd lifted its holdings in EHang by 39.4% during the 4th quarter. Quadrature Capital Ltd now owns 76,970 shares of the company’s stock valued at $1,294,000 after purchasing an additional 21,772 shares during the last quarter. 94.03% of the stock is owned by institutional investors.

About EHang

EHang Holdings Limited operates as an autonomous aerial vehicle (AAV) technology platform company in the People's Republic of China, East Asia, West Asia, Europe, and internationally. It designs, develops, manufactures, sells, and operates AAVs, as well as their supporting systems and infrastructure for various industries and applications, including passenger transportation, logistics, smart city management, and aerial media solutions.