Hesai Group (NASDAQ:HSAI) Sees Large Volume Increase

Shares of Hesai Group (NASDAQ:HSAIGet Free Report) saw unusually-strong trading volume on Thursday . Approximately 579,334 shares changed hands during trading, a decline of 35% from the previous session’s volume of 885,843 shares.The stock last traded at $5.35 and had previously closed at $4.68.

Hesai Group Trading Up 8.1 %

The company has a debt-to-equity ratio of 0.10, a current ratio of 3.29 and a quick ratio of 2.92. The firm has a market cap of $635.23 million and a price-to-earnings ratio of -9.55. The firm’s fifty day moving average is $4.78 and its 200-day moving average is $7.87.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HSAI. Psagot Value Holdings Ltd. Israel bought a new stake in Hesai Group in the fourth quarter worth approximately $25,000. US Bancorp DE bought a new stake in shares of Hesai Group in the 4th quarter valued at $32,000. JPMorgan Chase & Co. acquired a new position in shares of Hesai Group during the 1st quarter valued at $68,000. UBS Group AG bought a new position in Hesai Group during the first quarter worth $78,000. Finally, Barclays PLC acquired a new stake in Hesai Group in the first quarter worth $110,000. 48.53% of the stock is owned by institutional investors and hedge funds.

Hesai Group Company Profile

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Hesai Group, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR). Its LiDAR products are used in passenger and commercial vehicles with advanced driver assistance systems; autonomous passenger and freight mobility services; and other applications, such as delivery robots, street sweeping robots, and logistics robots in restricted areas.

Further Reading

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