DnB Asset Management AS Has $864,000 Stake in EHang Holdings Limited (NASDAQ:EH)

DnB Asset Management AS lifted its position in shares of EHang Holdings Limited (NASDAQ:EHGet Rating) by 127.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 93,416 shares of the company’s stock after purchasing an additional 52,276 shares during the period. DnB Asset Management AS’s holdings in EHang were worth $864,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of EH. GSA Capital Partners LLP bought a new position in EHang during the 4th quarter worth $229,000. SG Americas Securities LLC raised its position in EHang by 20.7% during the 1st quarter. SG Americas Securities LLC now owns 34,292 shares of the company’s stock worth $411,000 after purchasing an additional 5,887 shares during the last quarter. Citigroup Inc. raised its position in EHang by 69.7% during the 1st quarter. Citigroup Inc. now owns 41,106 shares of the company’s stock worth $493,000 after purchasing an additional 16,887 shares during the last quarter. Invesco Ltd. raised its position in EHang by 62.3% during the 1st quarter. Invesco Ltd. now owns 41,375 shares of the company’s stock worth $496,000 after purchasing an additional 15,886 shares during the last quarter. Finally, Bank of America Corp DE raised its position in EHang by 130.7% during the 1st quarter. Bank of America Corp DE now owns 55,590 shares of the company’s stock worth $667,000 after purchasing an additional 31,491 shares during the last quarter. Institutional investors and hedge funds own 11.67% of the company’s stock.

EHang Stock Down 7.5 %

Shares of NASDAQ:EH opened at $5.16 on Thursday. The firm has a market cap of $293.76 million, a P/E ratio of -5.86 and a beta of 0.47. The company has a quick ratio of 1.90, a current ratio of 2.36 and a debt-to-equity ratio of 0.02. EHang Holdings Limited has a 12-month low of $5.13 and a 12-month high of $27.57. The business has a fifty day simple moving average of $6.90 and a 200 day simple moving average of $8.83.

EHang (NASDAQ:EHGet Rating) last announced its earnings results on Thursday, August 18th. The company reported ($0.20) earnings per share (EPS) for the quarter. The company had revenue of $2.18 million for the quarter. EHang had a negative return on equity of 98.91% and a negative net margin of 765.33%. Analysts predict that EHang Holdings Limited will post -0.16 earnings per share for the current year.

EHang Company Profile

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EHang Holdings Limited operates as an autonomous aerial vehicle (AAV) technology platform company in the People's Republic of China, East 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.

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Institutional Ownership by Quarter for EHang (NASDAQ:EH)

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