EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Given Average Rating of “Hold” by Analysts

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) has received an average rating of “Hold” from the five ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $12.05.

EH has been the subject of a number of research analyst reports. UBS Group downgraded shares of EHang from a “buy” rating to a “neutral” rating and set a $11.10 price objective for the company. in a research note on Thursday. Weiss Ratings cut EHang from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. Bank of America reiterated a “buy” rating on shares of EHang in a report on Thursday, March 12th. Finally, Wall Street Zen upgraded EHang from a “sell” rating to a “hold” rating in a report on Saturday, March 28th.

Hedge Funds Weigh In On EHang

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Baillie Gifford & Co. purchased a new position in shares of EHang during the 4th quarter valued at approximately $10,204,000. Norges Bank acquired a new stake in shares of EHang during the 4th quarter valued at approximately $7,131,000. Tiger Pacific Capital LP acquired a new stake in shares of EHang during the 3rd quarter valued at approximately $8,948,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of EHang during the 4th quarter valued at approximately $2,591,000. Finally, UBS Group AG increased its position in EHang by 19.0% in the fourth quarter. UBS Group AG now owns 941,689 shares of the company’s stock worth $12,411,000 after buying an additional 150,567 shares during the period. Hedge funds and other institutional investors own 94.03% of the company’s stock.

EHang Trading Down 4.3%

Shares of EH stock opened at $9.78 on Thursday. The firm has a 50-day moving average price of $10.19 and a 200 day moving average price of $12.05. EHang has a twelve month low of $9.04 and a twelve month high of $20.45. The company has a market capitalization of $734.67 million, a price-to-earnings ratio of -22.23 and a beta of 1.13. The company has a current ratio of 2.07, a quick ratio of 1.93 and a debt-to-equity ratio of 0.08.

About EHang

EHang Holdings Limited is a China-based technology company specializing in the development and manufacturing of autonomous aerial vehicles (AAVs) for passenger transportation, logistics, and other commercial applications. Established in 2014 and listed on NASDAQ under the ticker EH in 2019, EHang focuses on delivering turnkey solutions that integrate hardware, flight control systems and a cloud-based operating platform. Its flagship products include the EH216 series passenger AAV and the Falcon series unmanned aerial vehicles, designed to support urban air mobility, aerial filming, emergency response and short-range cargo delivery.

The company’s business model encompasses research and development, manufacturing, certification support, and operations services.