Hesai Group (NASDAQ:HSAI) Trading Down 4.9%

Hesai Group (NASDAQ:HSAI) traded down 4.9% during trading on Tuesday . The stock traded as low as $4.22 and last traded at $4.25. 152,478 shares were traded during mid-day trading, a decline of 82% from the average session volume of 848,064 shares. The stock had previously closed at $4.47.

Hesai Group Stock Up 4.7 %

The company has a 50 day moving average price of $4.58 and a 200 day moving average price of $7.34. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.29 and a quick ratio of 2.92.

Hesai Group (NASDAQ:HSAI) last released its earnings results on Monday, March 11th. The company reported ($0.11) EPS for the quarter. Hesai Group had a negative net margin of 25.38% and a negative return on equity of 10.93%. The firm had revenue of $79.04 million during the quarter. As a group, equities research analysts expect that Hesai Group will post -0.02 EPS for the current year.

Institutional Investors Weigh In On Hesai Group

A number of institutional investors have recently made changes to their positions in HSAI. Barclays PLC acquired a new stake in shares of Hesai Group during the first quarter worth $110,000. UBS Group AG acquired a new position in Hesai Group in the first quarter valued at about $78,000. BlackRock Inc. acquired a new position in Hesai Group in the first quarter valued at about $209,000. Price T Rowe Associates Inc. MD acquired a new position in Hesai Group in the first quarter valued at about $15,749,000. Finally, Zimmer Partners LP acquired a new position in Hesai Group in the first quarter valued at about $928,000. 48.53% of the stock is owned by institutional investors and hedge funds.

About Hesai Group

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.