EHang (NASDAQ:EH) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of EHang (NASDAQ:EH) from a hold rating to a sell rating in a research note released on Friday morning.

A number of other brokerages have also issued reports on EH. Weiss Ratings reiterated a “sell (d-)” rating on shares of EHang in a research note on Saturday, September 27th. JPMorgan Chase & Co. began coverage on shares of EHang in a research note on Thursday, August 21st. They set an “overweight” rating and a $26.00 price target on the stock. Finally, Dbs Bank began coverage on shares of EHang in a research note on Thursday. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.08.

EHang Stock Down 0.8%

Shares of NASDAQ:EH opened at $19.09 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.50 and a quick ratio of 2.32. The firm has a market capitalization of $1.37 billion, a PE ratio of -38.18 and a beta of 1.12. The firm’s 50-day moving average is $17.33 and its two-hundred day moving average is $17.54. EHang has a 1 year low of $12.02 and a 1 year high of $29.76.

Hedge Funds Weigh In On EHang

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. grew its position in shares of EHang by 5,904.0% during the second quarter. Osaic Holdings Inc. now owns 27,018 shares of the company’s stock worth $469,000 after buying an additional 26,568 shares in the last quarter. Squarepoint Ops LLC grew its position in shares of EHang by 12.9% during the second quarter. Squarepoint Ops LLC now owns 44,378 shares of the company’s stock worth $770,000 after buying an additional 5,063 shares in the last quarter. Headlands Technologies LLC boosted its holdings in EHang by 88.9% in the second quarter. Headlands Technologies LLC now owns 80,163 shares of the company’s stock valued at $1,392,000 after purchasing an additional 37,729 shares in the last quarter. Man Group plc boosted its holdings in EHang by 138.7% in the second quarter. Man Group plc now owns 79,789 shares of the company’s stock valued at $1,385,000 after purchasing an additional 46,364 shares in the last quarter. Finally, Eschler Asset Management LLP boosted its holdings in EHang by 1,329.8% in the second quarter. Eschler Asset Management LLP now owns 200,000 shares of the company’s stock valued at $3,472,000 after purchasing an additional 186,012 shares in the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.

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.