Hesai Group (NASDAQ:HSAI – Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 2,209,162 shares changed hands during mid-day trading, an increase of 141% from the previous session’s volume of 917,704 shares.The stock last traded at $11.23 and had previously closed at $10.43.
Hesai Group Stock Performance
The company has a market cap of $1.48 billion, a PE ratio of -26.48 and a beta of 2.54. The company has a quick ratio of 2.65, a current ratio of 3.08 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average of $5.44 and a 200-day moving average of $4.72.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. China Universal Asset Management Co. Ltd. boosted its position in shares of Hesai Group by 47.5% during the third quarter. China Universal Asset Management Co. Ltd. now owns 29,500 shares of the company’s stock valued at $138,000 after buying an additional 9,500 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Hesai Group by 44.1% during the second quarter. Renaissance Technologies LLC now owns 49,700 shares of the company’s stock valued at $208,000 after buying an additional 15,200 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Hesai Group by 11.9% during the third quarter. Jane Street Group LLC now owns 48,943 shares of the company’s stock valued at $230,000 after buying an additional 5,186 shares during the last quarter. Susquehanna Fundamental Investments LLC boosted its position in shares of Hesai Group by 107.7% during the second quarter. Susquehanna Fundamental Investments LLC now owns 144,420 shares of the company’s stock valued at $605,000 after buying an additional 74,888 shares during the last quarter. Finally, Main Management ETF Advisors LLC purchased a new position in shares of Hesai Group during the third quarter valued at approximately $924,000. Hedge funds and other institutional investors own 48.53% of the company’s stock.
Hesai Group Company Profile
Hesai Group, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR). Its LiDAR products are used in passenger and commercial vehicles with advanced driver assistance systems; autonomous passenger and freight mobility services; and other applications, such as delivery robots, street sweeping robots, and logistics robots in restricted areas.
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