EHang (NASDAQ:EH) Coverage Initiated by Analysts at China Renaissance

China Renaissance started coverage on shares of EHang (NASDAQ:EH) in a research report sent to investors on Tuesday morning, Marketbeat reports. The brokerage 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 price objective for the company.

EHang Stock Up 12.5 %

NASDAQ:EH opened at $13.24 on Tuesday. The company has a market cap of $840.82 million, a price-to-earnings ratio of -21.35 and a beta of 1.02. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.99 and a current ratio of 2.12. The stock’s fifty day moving average price is $12.74 and its two-hundred day moving average price is $15.21. EHang has a 52-week low of $9.51 and a 52-week high of $25.78.

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

Institutional Trading of EHang

Large investors have recently made changes to their positions in the company. Jump Financial LLC acquired a new position in shares of EHang in the 4th quarter valued at approximately $177,000. Aigen Investment Management LP bought a new stake in shares of EHang during the fourth quarter worth $180,000. Carmignac Gestion increased its position in shares of EHang by 1.3% during the fourth quarter. Carmignac Gestion now owns 1,893,323 shares of the company’s stock worth $31,813,000 after acquiring an additional 24,113 shares in the last quarter. AdvisorShares Investments LLC bought a new stake in EHang in the 4th quarter valued at $388,000. Finally, Quadrature Capital Ltd boosted its stake in EHang by 39.4% in the 4th quarter. Quadrature Capital Ltd now owns 76,970 shares of the company’s stock worth $1,294,000 after purchasing an additional 21,772 shares during the period. 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.