eHi Car Services Limited (NYSE:EHIC) announced its quarterly earnings results on Monday. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01, Morningstar.com reports. eHi Car Services Limited had a net margin of 2.98% and a return on equity of 1.68%.

Shares of eHi Car Services Limited (NYSE:EHIC) traded down 0.11% during mid-day trading on Monday, hitting $9.02. 10,999 shares of the stock were exchanged. The stock’s 50 day moving average price is $9.51 and its 200-day moving average price is $9.94. The stock has a market capitalization of $616.76 million, a P/E ratio of 61.36 and a beta of 0.42. eHi Car Services Limited has a 12-month low of $8.11 and a 12-month high of $11.49.

Several large investors have recently added to or reduced their stakes in the company. Columbia Pacific Advisors LLC increased its position in eHi Car Services Limited by 0.3% in the first quarter. Columbia Pacific Advisors LLC now owns 50,643 shares of the company’s stock worth $512,000 after buying an additional 154 shares in the last quarter. Symmetry Peak Management LLC purchased a new position in eHi Car Services Limited during the first quarter worth $127,000. Parametric Portfolio Associates LLC purchased a new position in eHi Car Services Limited during the second quarter worth $186,000. Dimensional Fund Advisors LP increased its position in eHi Car Services Limited by 28.1% in the second quarter. Dimensional Fund Advisors LP now owns 172,147 shares of the company’s stock worth $1,718,000 after buying an additional 37,759 shares in the last quarter. Finally, Renaissance Group LLC purchased a new position in eHi Car Services Limited during the second quarter worth $431,000. 28.48% of the stock is currently owned by hedge funds and other institutional investors.

EHIC has been the subject of a number of research analyst reports. ValuEngine raised shares of eHi Car Services Limited from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of eHi Car Services Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, May 23rd.

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eHi Car Services Limited Company Profile

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.

Earnings History for eHi Car Services Limited (NYSE:EHIC)

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