EHang (NASDAQ:EH) Shares Gap Up to $17.35

EHang Holdings Limited (NASDAQ:EH)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $17.35, but opened at $18.10. EHang shares last traded at $17.90, with a volume of 360,776 shares changing hands.

EHang Stock Performance

The company has a quick ratio of 1.57, a current ratio of 1.81 and a debt-to-equity ratio of 0.04. The stock’s 50 day moving average price is $15.14 and its two-hundred day moving average price is $15.06.

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

Institutional Investors Weigh In On EHang

A number of hedge funds have recently bought and sold shares of EH. SteelPeak Wealth LLC raised its position in EHang by 288.4% in the first quarter. SteelPeak Wealth LLC now owns 41,455 shares of the company’s stock worth $853,000 after purchasing an additional 30,782 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in EHang by 79.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 33,166 shares of the company’s stock worth $682,000 after purchasing an additional 14,705 shares in the last quarter. Nomura Holdings Inc. acquired a new position in EHang in the fourth quarter worth about $396,000. Quadrature Capital Ltd increased its holdings in shares of EHang by 39.4% during the fourth quarter. Quadrature Capital Ltd now owns 76,970 shares of the company’s stock worth $1,294,000 after buying an additional 21,772 shares in the last quarter. Finally, AdvisorShares Investments LLC acquired a new stake in shares of EHang during the fourth quarter worth approximately $388,000. 94.03% of the stock is currently owned by 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.