EHang (NASDAQ:EH) Coverage Initiated at China Renaissance

China Renaissance began coverage on shares of EHang (NASDAQ:EH) in a research note issued to investors on Tuesday, MarketBeat.com reports. The firm issued a buy rating on the stock.

Separately, UBS Group initiated coverage on EHang in a research note on Wednesday, August 28th. They set a buy rating and a $22.00 target price for the company.

EHang Trading Up 9.2 %

Shares of EH stock opened at $13.85 on Tuesday. The company has a current ratio of 2.12, a quick ratio of 1.99 and a debt-to-equity ratio of 0.02. EHang has a twelve month low of $9.51 and a twelve month high of $25.78. The company’s 50-day moving average price is $12.66 and its 200-day moving average price is $15.20. The stock has a market cap of $879.61 million, a price-to-earnings ratio of -22.34 and a beta of 1.02.

EHang (NASDAQ:EH) last posted its earnings results on Thursday, August 22nd. The company reported ($0.14) earnings per share for the quarter. The firm had revenue of $14.04 million during the quarter. EHang had a negative net margin of 110.21% and a negative return on equity of 84.09%. During the same quarter last year, the firm earned ($0.18) EPS. As a group, equities analysts predict that EHang will post -0.41 earnings per share for the current year.

Institutional Investors Weigh In On EHang

Institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd acquired a new stake in shares of EHang in the second quarter valued at $383,000. Axim Planning & Wealth grew its position in EHang by 12.5% in the 2nd quarter. Axim Planning & Wealth now owns 4,693,820 shares of the company’s stock valued at $63,742,000 after acquiring an additional 520,733 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in EHang by 13.1% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 37,519 shares of the company’s stock worth $510,000 after purchasing an additional 4,353 shares during the period. Baader Bank Aktiengesellschaft acquired a new stake in shares of EHang during the second quarter worth about $883,000. Finally, DNB Asset Management AS boosted its stake in shares of EHang by 24.9% in the second quarter. DNB Asset Management AS now owns 40,992 shares of the company’s stock valued at $557,000 after purchasing an additional 8,174 shares during the period. 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.