EHang (NASDAQ:EH) Stock Rating Lowered by Wall Street Zen

EHang (NASDAQ:EH) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Friday.

A number of other research firms have also commented on EH. JPMorgan Chase & Co. initiated coverage on EHang in a research report on Thursday, August 21st. They issued an “overweight” rating and a $26.00 price target for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of EHang in a research note on Saturday, September 27th. Finally, Dbs Bank assumed coverage on shares of EHang in a research report on Thursday. They set a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, EHang currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.08.

EHang Stock Down 0.8%

EH stock opened at $19.09 on Friday. EHang has a twelve month low of $12.02 and a twelve month high of $29.76. The company has a quick ratio of 2.32, a current ratio of 2.50 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average is $17.33 and its 200-day moving average is $17.50. The firm has a market capitalization of $1.37 billion, a PE ratio of -38.18 and a beta of 1.12.

Hedge Funds Weigh In On EHang

Institutional investors have recently added to or reduced their stakes in the stock. ABS Direct Equity Fund LLC purchased a new stake in EHang during the first quarter worth about $292,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of EHang during the 1st quarter worth approximately $1,207,000. Penserra Capital Management LLC bought a new stake in shares of EHang in the 1st quarter worth approximately $405,000. Cetera Investment Advisers bought a new stake in shares of EHang in the 1st quarter worth approximately $754,000. Finally, GSA Capital Partners LLP lifted its stake in EHang by 177.7% in the first quarter. GSA Capital Partners LLP now owns 36,902 shares of the company’s stock valued at $771,000 after purchasing an additional 23,612 shares during the last quarter. Institutional investors 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.