EHang (NASDAQ:EH) Shares Gap Up to $16.36

EHang Holdings Limited (NASDAQ:EH)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $16.36, but opened at $17.40. EHang shares last traded at $17.86, with a volume of 604,948 shares changing hands.

EHang Trading Up 6.9 %

The firm’s 50-day moving average price is $14.43 and its 200-day moving average price is $15.05. The company has a current ratio of 1.81, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04.

EHang (NASDAQ:EH) last announced its quarterly earnings results on Friday, March 15th. The company reported ($0.16) earnings per share for the quarter. EHang had a negative return on equity of 188.90% and a negative net margin of 257.09%. The business had revenue of $7.97 million during the quarter.

Institutional Trading of EHang

Large investors have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. raised its position in shares of EHang by 60.0% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 1,934 shares of the company’s stock valued at $29,000 after purchasing an additional 725 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of EHang by 290.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,382 shares of the company’s stock valued at $25,000 after purchasing an additional 1,028 shares during the last quarter. Geode Capital Management LLC raised its position in shares of EHang by 6.7% in the 1st quarter. Geode Capital Management LLC now owns 18,331 shares of the company’s stock valued at $200,000 after purchasing an additional 1,145 shares during the last quarter. Invesco Ltd. raised its position in shares of EHang by 4.1% in the 3rd quarter. Invesco Ltd. now owns 35,318 shares of the company’s stock valued at $636,000 after purchasing an additional 1,397 shares during the last quarter. Finally, US Bancorp DE purchased a new position in shares of EHang in the 2nd quarter valued at approximately $37,000. 94.03% of the stock is owned by hedge funds and other institutional investors.

EHang Company Profile

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.