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

EHang Holdings Limited (NASDAQ:EH) shares 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 Stock Up 2.1 %

The firm’s fifty day simple moving average is $15.14 and its 200-day simple moving average is $15.06. The company has a market cap of $1.01 billion, a PE ratio of -24.79 and a beta of 1.04. The company has a quick ratio of 1.57, a current ratio of 1.81 and a debt-to-equity ratio of 0.04.

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

Institutional Investors Weigh In On EHang

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

EHang Company Profile

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.