EHang (NASDAQ:EH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of EHang (NASDAQ:EH) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

Several other equities research analysts also recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of EHang in a report on Wednesday, October 8th. Dbs Bank initiated coverage on EHang in a report on Thursday, October 2nd. They issued a “buy” rating on the stock. Finally, JPMorgan Chase & Co. initiated coverage on EHang in a report on Thursday, August 21st. They issued an “overweight” rating and a $26.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $26.08.

EHang Price Performance

NASDAQ:EH opened at $17.86 on Friday. EHang has a 52 week low of $12.02 and a 52 week high of $29.76. The company has a quick ratio of 2.32, a current ratio of 2.50 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.28 billion, a P/E ratio of -35.72 and a beta of 1.12. The stock’s fifty day moving average is $17.45 and its two-hundred day moving average is $17.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EH. Robeco Institutional Asset Management B.V. acquired a new position in EHang during the first quarter worth about $1,207,000. Penserra Capital Management LLC acquired a new position in EHang during the first quarter worth about $405,000. Cetera Investment Advisers acquired a new position in EHang during the first quarter worth about $754,000. GSA Capital Partners LLP grew its position in EHang by 177.7% during the first quarter. GSA Capital Partners LLP now owns 36,902 shares of the company’s stock worth $771,000 after buying an additional 23,612 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in EHang by 4.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 73,182 shares of the company’s stock worth $1,529,000 after buying an additional 2,790 shares during the period. 94.03% of the stock is currently owned by institutional investors and hedge funds.

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.