EHang (NASDAQ:EH) Receives New Coverage from Analysts at Morgan Stanley

Morgan Stanley initiated coverage on shares of EHang (NASDAQ:EH) in a research note published on Monday, MarketBeat.com reports. The firm issued an overweight rating and a $27.50 price objective on the stock.

EHang Stock Down 3.6 %

EHang stock opened at $17.73 on Monday. EHang has a 1-year low of $9.51 and a 1-year high of $25.78. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of -25.33 and a beta of 1.09. The company has a current ratio of 1.81, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. The firm has a 50 day simple moving average of $16.67 and a 200 day simple moving average of $15.06.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EH. Axim Planning & Wealth grew its position in EHang by 4.1% in the fourth quarter. Axim Planning & Wealth now owns 3,902,410 shares of the company’s stock worth $65,560,000 after acquiring an additional 155,494 shares in the last quarter. DNB Asset Management AS purchased a new position in EHang in the fourth quarter worth $605,000. Vanguard Group Inc. grew its position in EHang by 1.6% in the third 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 in the last quarter. Carmignac Gestion grew its position in EHang by 24.2% in the third quarter. Carmignac Gestion now owns 1,869,210 shares of the company’s stock worth $33,539,000 after acquiring an additional 363,962 shares in the last quarter. Finally, Dfpg Investments LLC grew its position in EHang by 26.5% in the fourth quarter. Dfpg Investments LLC now owns 20,073 shares of the company’s stock worth $312,000 after acquiring an additional 4,205 shares in the last quarter. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

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.