Hesai Group (NASDAQ:HSAI) Shares Up 5.9%

Hesai Group (NASDAQ:HSAIGet Free Report)’s share price was up 5.9% on Monday . The company traded as high as $5.47 and last traded at $5.36. Approximately 179,927 shares traded hands during trading, a decline of 80% from the average daily volume of 900,430 shares. The stock had previously closed at $5.06.

Hesai Group Stock Performance

The company has a current ratio of 3.29, a quick ratio of 2.92 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average price of $4.72 and a 200-day moving average price of $7.77.

Institutional Trading of Hesai Group

A number of hedge funds have recently added to or reduced their stakes in HSAI. Nomura Holdings Inc. purchased a new position in shares of Hesai Group during the 4th quarter worth about $590,000. Goldman Sachs Group Inc. purchased a new position in Hesai Group during the fourth quarter worth approximately $535,000. FIL Ltd boosted its holdings in shares of Hesai Group by 41.0% in the 4th quarter. FIL Ltd now owns 4,021,751 shares of the company’s stock valued at $35,834,000 after purchasing an additional 1,169,162 shares during the last quarter. Barclays PLC grew its stake in shares of Hesai Group by 33.8% during the 4th quarter. Barclays PLC now owns 157,140 shares of the company’s stock valued at $1,400,000 after buying an additional 39,700 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Hesai Group in the 4th quarter worth $3,480,000. 48.53% of the stock is owned by institutional investors and hedge funds.

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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