Hesai Group (NASDAQ:HSAI) Shares Down 3.7%

Hesai Group (NASDAQ:HSAIGet Free Report)’s share price traded down 3.7% during trading on Thursday . The company traded as low as $4.66 and last traded at $4.73. 112,736 shares traded hands during trading, a decline of 85% from the average session volume of 757,112 shares. The stock had previously closed at $4.91.

Hesai Group Price Performance

The company has a quick ratio of 2.84, a current ratio of 3.33 and a debt-to-equity ratio of 0.09. The business has a 50 day simple moving average of $4.81 and a 200-day simple moving average of $6.04.

Hesai Group (NASDAQ:HSAIGet Free Report) last posted its earnings results on Monday, March 11th. The company reported ($0.11) earnings per share (EPS) for the quarter. The business had revenue of $79.04 million during the quarter. Hesai Group had a negative net margin of 25.68% and a negative return on equity of 9.83%. As a group, equities research analysts anticipate that Hesai Group will post -0.14 earnings per share for the current year.

Institutional Trading of Hesai Group

Institutional investors have recently modified their holdings of the company. Psagot Value Holdings Ltd. Israel bought a new stake in shares of Hesai Group in the fourth quarter valued at about $25,000. EntryPoint Capital LLC raised its holdings in Hesai Group by 34.2% during the first quarter. EntryPoint Capital LLC now owns 19,254 shares of the company’s stock worth $97,000 after acquiring an additional 4,912 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in Hesai Group during the fourth quarter worth about $178,000. Susquehanna Fundamental Investments LLC bought a new stake in Hesai Group during the first quarter worth about $352,000. Finally, Nomura Holdings Inc. bought a new stake in Hesai Group during the fourth quarter worth about $590,000. 48.53% of the stock is currently owned by institutional investors.

About Hesai Group

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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.

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