EHang (NASDAQ:EH) Coverage Initiated at Morgan Stanley

Morgan Stanley started coverage on shares of EHang (NASDAQ:EH) in a research note published on Monday morning, Marketbeat reports. The brokerage issued an overweight rating and a $27.50 price objective on the stock.

EHang Trading Up 0.3 %

EH opened at $17.79 on Monday. The business’s 50-day simple moving average is $16.81 and its 200-day simple moving average is $15.07. The company has a market cap of $1.13 billion, a P/E ratio of -25.41 and a beta of 1.09. EHang has a one year low of $9.51 and a one year high of $25.78. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.81.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EH. Jump Financial LLC acquired a new stake in shares of EHang during the 4th quarter valued at approximately $177,000. Aigen Investment Management LP purchased a new position in EHang in the 4th quarter valued at approximately $180,000. Headlands Technologies LLC acquired a new position in EHang during the first quarter worth $228,000. Dfpg Investments LLC boosted its position in EHang by 26.5% during the fourth quarter. Dfpg Investments LLC now owns 20,073 shares of the company’s stock worth $312,000 after purchasing an additional 4,205 shares in the last quarter. Finally, AdvisorShares Investments LLC acquired a new stake in EHang in the fourth quarter valued at $388,000. 94.03% of the stock is owned by hedge funds and other 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.