EHang (NASDAQ:EH) Shares Gap Down to $16.37

EHang Holdings Limited (NASDAQ:EH)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $16.37, but opened at $15.70. EHang shares last traded at $15.94, with a volume of 309,581 shares.

EHang Trading Up 5.8 %

The stock has a market cap of $1.01 billion, a PE ratio of -24.73 and a beta of 1.04. The company’s fifty day moving average is $14.57 and its 200-day moving average is $15.06. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.81 and a quick ratio of 1.57.

EHang (NASDAQ:EH) last released its quarterly earnings data on Friday, March 15th. The company reported ($0.16) earnings per share for the quarter. EHang had a negative net margin of 257.09% and a negative return on equity of 188.90%. The company had revenue of $7.97 million for the quarter.

Hedge Funds Weigh In On EHang

Large investors have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. raised its holdings in EHang by 79.7% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 33,166 shares of the company’s stock worth $682,000 after purchasing an additional 14,705 shares during the period. Nomura Holdings Inc. purchased a new stake in shares of EHang in the fourth quarter valued at approximately $396,000. Quadrature Capital Ltd increased its stake in shares of EHang by 39.4% in the 4th quarter. Quadrature Capital Ltd now owns 76,970 shares of the company’s stock worth $1,294,000 after acquiring an additional 21,772 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of EHang by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 1,555,526 shares of the company’s stock worth $26,133,000 after acquiring an additional 6,014 shares during the period. Finally, Barclays PLC boosted its position in shares of EHang by 77.3% during the 4th quarter. Barclays PLC now owns 51,650 shares of the company’s stock valued at $868,000 after acquiring an additional 22,516 shares during the last quarter. 94.03% of the stock is currently 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.