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

Wall Street Zen downgraded shares of EHang (NASDAQ:EHFree Report) from a hold rating to a sell rating in a research report released on Sunday.

A number of other equities analysts have also weighed in on the company. JPMorgan Chase & Co. lowered EHang from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $21.00 to $13.00 in a research note on Tuesday, November 25th. Bank of America reiterated a “buy” rating on shares of EHang in a report on Thursday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of EHang in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.48.

Read Our Latest Report on EHang

EHang Trading Down 2.1%

EH opened at $11.85 on Friday. 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 company’s 50 day simple moving average is $12.76 and its two-hundred day simple moving average is $14.85. EHang has a 1-year low of $11.07 and a 1-year high of $25.79. The firm has a market capitalization of $851.90 million, a price-to-earnings ratio of -26.93 and a beta of 0.96.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of EH. Federated Hermes Inc. purchased a new stake in EHang during the 3rd quarter worth approximately $1,571,000. Norges Bank acquired a new stake in EHang during the 2nd quarter worth approximately $7,669,000. XTX Topco Ltd purchased a new position in EHang in the 2nd quarter valued at approximately $1,009,000. Eschler Asset Management LLP grew its stake in shares of EHang by 1,329.8% in the second quarter. Eschler Asset Management LLP now owns 200,000 shares of the company’s stock worth $3,472,000 after acquiring an additional 186,012 shares in the last quarter. Finally, Hel Ved Capital Management Ltd grew its stake in shares of EHang by 302.3% in the second quarter. Hel Ved Capital Management Ltd now owns 245,431 shares of the company’s stock worth $4,261,000 after acquiring an additional 184,431 shares in the last quarter. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about EHang

Here are the key news stories impacting EHang this week:

About EHang

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for EHang (NASDAQ:EH)

Receive News & Ratings for EHang Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EHang and related companies with MarketBeat.com's FREE daily email newsletter.