eHi Car Services Ltd. (NYSE:EHIC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

According to Zacks, “eHi Car Services Limited provides car rentals and car services in the People’s Republic of China. The Company offers self-drive car rental services, car services and international car rental service. It provides self-drive car rentals to both individual customers and corporate clients. The Company’s chauffeured car services include drop-off and pick-up services at local airports, business shuttle service, intercity transportation service and etc. It offers international car rental service to its customers when they travel abroad. eHi Car Services Limited is headquartered in Shanghai, the People’s Republic of China. “

Shares of eHi Car Services (NYSE:EHIC) traded down 0.19% during mid-day trading on Tuesday, reaching $10.59. The company had a trading volume of 48,952 shares. eHi Car Services has a one year low of $9.40 and a one year high of $14.88. The stock has a 50 day moving average of $10.36 and a 200-day moving average of $10.35. The firm has a market capitalization of $724.11 million, a price-to-earnings ratio of 706.00 and a beta of 0.49.

eHi Car Services (NYSE:EHIC) last announced its quarterly earnings data on Wednesday, November 16th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. eHi Car Services had a net margin of 0.33% and a return on equity of 0.16%. Equities analysts predict that eHi Car Services will post $0.06 EPS for the current year.

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About eHi Car Services

eHi Car Services Limited, formerly Prudent Choice International Limited, is a holding company. The Company is engaged in car rentals and car services. The Company provides self-drive car rental services to both individual customers, as well as corporate and institutional clients to meet travel, leisure, business and ground transportation needs.

5 Day Chart for NYSE:EHIC

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