EHang (NASDAQ:EH) Stock Price Down 4.3%

EHang Holdings Limited (NASDAQ:EH) shares traded down 4.3% on Thursday . The company traded as low as $13.85 and last traded at $13.89. 331,225 shares were traded during mid-day trading, a decline of 73% from the average session volume of 1,240,079 shares. The stock had previously closed at $14.51.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley started coverage on EHang in a research note on Monday, May 6th. They set an “overweight” rating and a $27.50 price objective for the company.

EHang Price Performance

The company has a current ratio of 1.97, a quick ratio of 1.69 and a debt-to-equity ratio of 0.07. The firm’s fifty day moving average price is $16.73 and its two-hundred day moving average price is $15.26.

EHang (NASDAQ:EH) last released its quarterly earnings results on Monday, May 20th. The company reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $8.55 million during the quarter. EHang had a negative return on equity of 145.90% and a negative net margin of 176.72%. As a group, research analysts predict that EHang Holdings Limited will post -0.41 EPS for the current fiscal year.

Institutional Trading of EHang

Several large investors have recently added to or reduced their stakes in EH. Comerica Bank lifted its position in shares of EHang by 685.1% during the 1st quarter. Comerica Bank now owns 1,264 shares of the company’s stock valued at $26,000 after buying an additional 1,103 shares in the last quarter. Dfpg Investments LLC increased its stake in EHang by 26.5% in the 4th quarter. Dfpg Investments LLC now owns 20,073 shares of the company’s stock worth $312,000 after buying an additional 4,205 shares in the last quarter. Vanguard Group Inc. lifted its holdings in EHang by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 1,563,754 shares of the company’s stock worth $32,166,000 after purchasing an additional 8,228 shares in the last quarter. Jump Financial LLC purchased a new position in shares of EHang in the fourth quarter worth $177,000. Finally, Aigen Investment Management LP bought a new position in shares of EHang during the 4th quarter valued at about $180,000. 94.03% of the stock is currently owned by institutional investors.

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.