EHang (NASDAQ:EH) Sees Unusually-High Trading Volume – Here’s Why

EHang Holdings Limited (NASDAQ:EH) saw unusually-high trading volume on Friday . Approximately 1,524,115 shares were traded during mid-day trading, an increase of 6% from the previous session’s volume of 1,444,223 shares.The stock last traded at $16.86 and had previously closed at $15.99.

Analysts Set New Price Targets

Separately, CICC Research assumed coverage on EHang in a research report on Thursday, January 2nd. They set an “outperform” rating on the stock.

EHang Stock Performance

The stock has a market capitalization of $1.06 billion, a PE ratio of -30.90 and a beta of 0.94. The firm’s fifty day moving average is $15.19 and its 200-day moving average is $14.67. The company has a current ratio of 2.39, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01.

Institutional Trading of EHang

A number of institutional investors and hedge funds have recently bought and sold shares of EH. Verition Fund Management LLC acquired a new stake in shares of EHang in the third quarter valued at approximately $508,000. Baader Bank Aktiengesellschaft boosted its holdings in shares of EHang by 22.8% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company’s stock valued at $2,803,000 after acquiring an additional 33,000 shares during the period. XTX Topco Ltd acquired a new stake in shares of EHang in the second quarter valued at approximately $383,000. SteelPeak Wealth LLC boosted its holdings in shares of EHang by 70.7% in the third quarter. SteelPeak Wealth LLC now owns 67,110 shares of the company’s stock valued at $949,000 after acquiring an additional 27,805 shares during the period. Finally, State Street Corp boosted its holdings 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 acquiring an additional 15,781 shares during the period. 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.