EHang (NASDAQ:EH) Stock Rating Upgraded by Wall Street Zen

EHang (NASDAQ:EH) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Other equities analysts also recently issued reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of EHang in a research report on Wednesday, January 21st. Bank of America restated a “buy” rating on shares of EHang in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.48.

EHang Stock Performance

Shares of EHang stock opened at $9.39 on Friday. EHang has a 1-year low of $9.39 and a 1-year high of $22.10. The company’s fifty day simple moving average is $11.98 and its 200-day simple moving average is $14.47. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.12 and a quick ratio of 1.98. The stock has a market capitalization of $675.05 million, a PE ratio of -21.34 and a beta of 0.96.

Institutional Trading of EHang

Several institutional investors and hedge funds have recently modified their holdings of EH. Baillie Gifford & Co. bought a new stake in shares of EHang during the 4th quarter valued at $10,204,000. Norges Bank bought a new position in EHang in the 4th quarter worth $7,131,000. Tiger Pacific Capital LP purchased a new stake in EHang in the 3rd quarter worth $8,948,000. Fideuram Asset Management Ireland dac bought a new stake in EHang during the fourth quarter valued at about $2,591,000. Finally, Eschler Asset Management LLP raised its holdings in EHang by 1,329.8% during the second quarter. Eschler Asset Management LLP now owns 200,000 shares of the company’s stock valued at $3,472,000 after acquiring an additional 186,012 shares during the period. 94.03% of the stock is currently owned by institutional investors.

EHang Company Profile

EHang Holdings Limited is a China-based technology company specializing in the development and manufacturing of autonomous aerial vehicles (AAVs) for passenger transportation, logistics, and other commercial applications. Established in 2014 and listed on NASDAQ under the ticker EH in 2019, EHang focuses on delivering turnkey solutions that integrate hardware, flight control systems and a cloud-based operating platform. Its flagship products include the EH216 series passenger AAV and the Falcon series unmanned aerial vehicles, designed to support urban air mobility, aerial filming, emergency response and short-range cargo delivery.

The company’s business model encompasses research and development, manufacturing, certification support, and operations services.