EHang (NASDAQ:EH) Now Covered by CICC Research

CICC Research began coverage on shares of EHang (NASDAQ:EH) in a research note published on Thursday,Benzinga reports. The firm issued an outperform rating on the stock.

Separately, China Renaissance began coverage on shares of EHang in a research note on Tuesday, September 24th. They issued a “buy” rating on the stock.

EHang Price Performance

Shares of NASDAQ EH opened at $15.42 on Thursday. The firm has a market capitalization of $979.26 million, a P/E ratio of -28.56 and a beta of 0.94. The company has a quick ratio of 2.25, a current ratio of 2.39 and a debt-to-equity ratio of 0.01. The stock’s 50-day simple moving average is $15.74 and its two-hundred day simple moving average is $14.57. EHang has a twelve month low of $9.51 and a twelve month high of $22.98.

Institutional Investors Weigh In On EHang

A number of large investors have recently added to or reduced their stakes in the company. Verition Fund Management LLC bought a new stake in shares of EHang in the 3rd quarter worth approximately $508,000. XTX Topco Ltd purchased a new position in EHang in the 2nd quarter worth $383,000. SteelPeak Wealth LLC lifted its stake in EHang by 70.7% in the third quarter. SteelPeak Wealth LLC now owns 67,110 shares of the company’s stock worth $949,000 after purchasing an additional 27,805 shares during the last quarter. State Street Corp boosted its position in EHang by 1.2% during the third quarter. State Street Corp now owns 1,299,186 shares of the company’s stock valued at $18,370,000 after buying an additional 15,781 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in shares of EHang during the third quarter valued at about $118,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

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.