Zacks Investment Research cut shares of eHi Car Services Ltd. (NYSE:EHIC) from a hold rating to a sell rating in a research report report published on Tuesday.

According to Zacks, “eHi Car Services Limited provides car rentals and car services in the People’s Republic of China. The Company offers self-drive car rental services, car services and international car rental service. It provides self-drive car rentals to both individual customers and corporate clients. The Company’s chauffeured car services include drop-off and pick-up services at local airports, business shuttle service, intercity transportation service and etc. It offers international car rental service to its customers when they travel abroad. eHi Car Services Limited is headquartered in Shanghai, the People’s Republic of China. “

Shares of eHi Car Services (NYSE:EHIC) opened at 10.59 on Tuesday. The firm has a 50-day moving average price of $10.36 and a 200-day moving average price of $10.35. The company has a market capitalization of $724.11 million, a PE ratio of 706.00 and a beta of 0.49. eHi Car Services has a 1-year low of $9.40 and a 1-year high of $14.88.

eHi Car Services (NYSE:EHIC) last posted its earnings results on Wednesday, November 16th. The company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. eHi Car Services had a return on equity of 0.16% and a net margin of 0.33%. Equities analysts anticipate that eHi Car Services will post $0.06 earnings per share for the current year.

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About eHi Car Services

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.

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