EHang (NASDAQ:EH) Sees Strong Trading Volume – Here’s Why

EHang Holdings Limited (NASDAQ:EH) shares saw unusually-high trading volume on Friday . Approximately 1,524,115 shares traded hands 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.

Analyst Ratings Changes

Separately, CICC Research initiated coverage on EHang in a report on Thursday, January 2nd. They issued an “outperform” rating for the company.

EHang Trading Up 4.3 %

The stock has a market cap of $1.06 billion, a PE ratio of -30.90 and a beta of 0.94. The business has a 50-day moving average of $15.19 and a 200 day moving average of $14.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39.

Institutional Trading of EHang

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new position in EHang during the 2nd quarter worth approximately $383,000. SteelPeak Wealth LLC raised its position in shares of EHang by 70.7% in the 3rd quarter. SteelPeak Wealth LLC now owns 67,110 shares of the company’s stock valued at $949,000 after purchasing an additional 27,805 shares in the last quarter. Quantbot Technologies LP raised its position in shares of EHang by 78.2% during the 3rd quarter. Quantbot Technologies LP now owns 9,348 shares of the company’s stock valued at $132,000 after acquiring an additional 4,101 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of EHang during the 3rd quarter valued at approximately $508,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of EHang during the 3rd quarter valued at approximately $118,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

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.