EHang (NASDAQ:EH) Shares Up 5.3%

EHang Holdings Limited (NASDAQ:EH) shares traded up 5.3% during trading on Thursday . The company traded as high as $18.40 and last traded at $18.22. 683,144 shares were traded during mid-day trading, a decline of 44% from the average session volume of 1,226,930 shares. The stock had previously closed at $17.31.

EHang Stock Performance

The business has a fifty day moving average of $14.86 and a 200 day moving average of $15.08. 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 announced its earnings results on Friday, March 15th. The company reported ($0.16) earnings per share (EPS) for the quarter. The firm had revenue of $7.97 million during the quarter. EHang had a negative net margin of 257.09% and a negative return on equity of 188.90%.

Institutional Trading of EHang

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in shares of EHang by 290.4% during the third quarter. Tower Research Capital LLC TRC now owns 1,382 shares of the company’s stock worth $25,000 after acquiring an additional 1,028 shares during the period. Itau Unibanco Holding S.A. increased its position in shares of EHang by 60.0% during the second quarter. Itau Unibanco Holding S.A. now owns 1,934 shares of the company’s stock worth $29,000 after acquiring an additional 725 shares during the period. US Bancorp DE purchased a new stake in shares of EHang during the second quarter worth $37,000. Credit Suisse AG purchased a new position in EHang in the second quarter valued at $47,000. Finally, Cubist Systematic Strategies LLC purchased a new position in EHang in the third quarter valued at $85,000. Hedge funds and other institutional investors 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.