EHang (NASDAQ:EH) Coverage Initiated at CICC Research

Research analysts at CICC Research began coverage on shares of EHang (NASDAQ:EH) in a research report issued on Thursday,Benzinga reports. The firm set an “outperform” rating on the stock.

Separately, China Renaissance started coverage on EHang in a research report on Tuesday, September 24th. They issued a “buy” rating on the stock.

EHang Stock Performance

NASDAQ:EH opened at $15.42 on Thursday. EHang has a fifty-two week low of $9.51 and a fifty-two week high of $22.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39. The company has a fifty day moving average of $15.78 and a two-hundred day moving average of $14.56. The stock has a market capitalization of $979.26 million, a PE ratio of -28.56 and a beta of 0.94.

Hedge Funds Weigh In On EHang

Institutional investors have recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new position in EHang during the 3rd quarter worth $104,000. Point72 Hong Kong Ltd acquired a new position in shares of EHang in the 3rd quarter valued at $118,000. Quantbot Technologies LP grew its holdings in shares of EHang by 78.2% during the third quarter. Quantbot Technologies LP now owns 9,348 shares of the company’s stock worth $132,000 after purchasing an additional 4,101 shares during the last quarter. XTX Topco Ltd purchased a new position in EHang during the 2nd quarter worth approximately $383,000. Finally, Verition Fund Management LLC acquired a new position in EHang during the third quarter worth approximately $508,000. 94.03% of the stock is owned by institutional investors and hedge funds.

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.