EHang (NASDAQ:EH) Now Covered by CICC Research

CICC Research started coverage on shares of EHang (NASDAQ:EH) in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage issued an outperform rating on the stock.

Separately, China Renaissance began coverage on shares of EHang in a research report on Tuesday, September 24th. They set a “buy” rating for the company.

EHang Stock Performance

Shares of EH opened at $15.67 on Thursday. The company has a market capitalization of $995.14 million, a PE ratio of -29.02 and a beta of 0.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39. The company’s 50 day moving average price is $15.79 and its 200 day moving average price is $14.55. EHang has a 52 week low of $9.51 and a 52 week high of $22.98.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP boosted its stake in shares of EHang by 78.2% in the 3rd quarter. Quantbot Technologies LP now owns 9,348 shares of the company’s stock valued at $132,000 after purchasing an additional 4,101 shares in the last quarter. Point72 Asset Management L.P. bought a new position in EHang during the third quarter worth $104,000. Point72 Hong Kong Ltd acquired a new position in shares of EHang in the 3rd quarter valued at about $118,000. State Street Corp lifted its stake in EHang by 1.2% in 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, SteelPeak Wealth LLC boosted its stake in EHang by 70.7% during the third quarter. SteelPeak Wealth LLC now owns 67,110 shares of the company’s stock worth $949,000 after acquiring an additional 27,805 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.