Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Hesai Group (NASDAQ:HSAI – Free Report) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,104,843 shares of the company’s stock after purchasing an additional 38,234 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.88% of Hesai Group worth $9,844,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. purchased a new stake in Hesai Group during the 1st quarter worth approximately $68,000. UBS Group AG purchased a new stake in shares of Hesai Group during the first quarter valued at $78,000. Barclays PLC acquired a new position in shares of Hesai Group in the 1st quarter valued at $110,000. Nomura Holdings Inc. purchased a new position in Hesai Group in the 1st quarter worth $173,000. Finally, Alberta Investment Management Corp acquired a new stake in Hesai Group during the 1st quarter worth about $202,000. Hedge funds and other institutional investors own 48.53% of the company’s stock.
Hesai Group Stock Down 12.6 %
Hesai Group stock opened at $4.52 on Friday. Hesai Group has a fifty-two week low of $3.28 and a fifty-two week high of $13.98. The company has a market cap of $567.44 million, a PE ratio of -8.53 and a beta of 1.75. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.92 and a current ratio of 3.29. The business’s 50-day simple moving average is $4.56 and its two-hundred day simple moving average is $7.48.
Hesai Group Company Profile
Hesai Group, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR). Its LiDAR products are used in passenger and commercial vehicles with advanced driver assistance systems; autonomous passenger and freight mobility services; and other applications, such as delivery robots, street sweeping robots, and logistics robots in restricted areas.
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