Equities research analysts at Morgan Stanley initiated coverage on shares of EHang (NASDAQ:EH – Get Free Report) in a research report issued on Monday, MarketBeat.com reports. The brokerage set an “overweight” rating and a $27.50 price target on the stock. Morgan Stanley’s price target would indicate a potential upside of 49.54% from the company’s previous close.
EHang Stock Down 1.7 %
Shares of NASDAQ EH opened at $18.39 on Monday. The company has a quick ratio of 1.57, a current ratio of 1.81 and a debt-to-equity ratio of 0.04. EHang has a 52 week low of $9.50 and a 52 week high of $25.78. The firm has a 50-day moving average price of $16.67 and a 200 day moving average price of $15.06. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -26.27 and a beta of 1.09.
EHang (NASDAQ:EH – Get Free Report) last announced its quarterly earnings data on Friday, March 15th. The company reported ($0.16) EPS for the quarter. EHang had a negative net margin of 257.09% and a negative return on equity of 188.90%. The company had revenue of $7.97 million during the quarter.
Institutional Trading of EHang
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.
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