EHang (NASDAQ:EH) Trading Down 5.7% – Here’s Why

EHang Holdings Limited (NASDAQ:EH)’s share price fell 5.7% during mid-day trading on Tuesday . The company traded as low as $17.31 and last traded at $17.50. 463,936 shares changed hands during trading, a decline of 64% from the average session volume of 1,302,042 shares. The stock had previously closed at $18.55.

Analyst Ratings Changes

A number of brokerages have recently commented on EH. UBS Group began coverage on shares of EHang in a research report on Wednesday, August 28th. They issued a “buy” rating and a $22.00 target price for the company. China Renaissance began coverage on shares of EHang in a report on Tuesday, September 24th. They issued a “buy” rating for the company.

EHang Price Performance

The company has a market cap of $1.11 billion, a price-to-earnings ratio of -30.02 and a beta of 1.01. The stock has a 50 day simple moving average of $14.78 and a two-hundred day simple moving average of $14.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.12 and a quick ratio of 1.99.

EHang (NASDAQ:EH) last announced its quarterly earnings data on Thursday, August 22nd. The company reported ($0.14) earnings per share (EPS) for the quarter. EHang had a negative net margin of 110.21% and a negative return on equity of 84.09%. The firm had revenue of $14.04 million during the quarter. During the same period in the prior year, the company earned ($0.18) earnings per share. On average, equities research analysts predict that EHang Holdings Limited will post -0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EHang

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EH. Hennion & Walsh Asset Management Inc. boosted its holdings in EHang by 79.7% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 33,166 shares of the company’s stock valued at $682,000 after acquiring an additional 14,705 shares during the period. GSA Capital Partners LLP increased its holdings in EHang by 34.3% during the 1st quarter. GSA Capital Partners LLP now owns 48,370 shares of the company’s stock worth $995,000 after purchasing an additional 12,355 shares during the period. Headlands Technologies LLC acquired a new stake in EHang in the 1st quarter valued at about $228,000. Russell Investments Group Ltd. purchased a new stake in shares of EHang during the first quarter worth approximately $484,000. Finally, Vanguard Group Inc. raised its holdings in EHang by 0.5% in the first quarter. Vanguard Group Inc. now owns 1,563,754 shares of the company’s stock valued at $32,166,000 after acquiring an additional 8,228 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

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.