EHang (NASDAQ:EH) Shares Up 7.3% – Still a Buy?

EHang Holdings Limited (NASDAQ:EH)’s stock price traded up 7.3% during trading on Wednesday . The stock traded as high as $22.35 and last traded at $22.65. 424,657 shares changed hands during trading, a decline of 81% from the average session volume of 2,229,853 shares. The stock had previously closed at $21.11.

Analyst Ratings Changes

Separately, CICC Research initiated coverage on EHang in a research note on Thursday, January 2nd. They issued an “outperform” rating for the company.

EHang Price Performance

The stock has a market capitalization of $1.47 billion, a PE ratio of -42.91 and a beta of 0.91. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.39 and a quick ratio of 2.25. The stock’s fifty day moving average is $18.74 and its 200-day moving average is $16.34.

Institutional Trading of EHang

Several institutional investors have recently bought and sold shares of EH. Verition Fund Management LLC acquired a new stake in EHang in the 3rd quarter valued at $508,000. Baader Bank Aktiengesellschaft lifted its holdings in EHang by 22.8% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company’s stock valued at $2,803,000 after purchasing an additional 33,000 shares in the last quarter. State Street Corp grew its position in shares of 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 purchasing an additional 15,781 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of EHang during the fourth quarter worth about $431,000. Finally, Quantbot Technologies LP raised its position in shares of EHang by 78.2% during the 3rd quarter. Quantbot Technologies LP now owns 9,348 shares of the company’s stock worth $132,000 after purchasing an additional 4,101 shares during the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.

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.