EHang (NASDAQ:EH) Earns Overweight Rating from Analysts at Morgan Stanley

Morgan Stanley started coverage on shares of EHang (NASDAQ:EH) in a research report sent to investors on Monday, Marketbeat reports. The firm issued an overweight rating and a $27.50 target price on the stock.

EHang Trading Down 3.6 %

Shares of NASDAQ:EH opened at $17.73 on Monday. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of -25.33 and a beta of 1.09. EHang has a 1-year low of $9.51 and a 1-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. The company has a 50 day moving average price of $16.67 and a 200 day moving average price of $15.06.

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

Hedge Funds Weigh In On EHang

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in EHang in the 1st quarter worth approximately $484,000. Headlands Technologies LLC purchased a new stake in EHang in the 1st quarter worth approximately $228,000. GSA Capital Partners LLP lifted its position in EHang by 34.3% in the 1st quarter. GSA Capital Partners LLP now owns 48,370 shares of the company’s stock worth $995,000 after buying an additional 12,355 shares in the last quarter. Axim Planning & Wealth lifted its position in EHang by 6.9% in the 1st quarter. Axim Planning & Wealth now owns 4,173,087 shares of the company’s stock worth $85,840,000 after buying an additional 270,677 shares in the last quarter. Finally, SteelPeak Wealth LLC lifted its position in EHang by 288.4% in the 1st quarter. SteelPeak Wealth LLC now owns 41,455 shares of the company’s stock worth $853,000 after buying an additional 30,782 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

EHang Company Profile

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.