EHang (NASDAQ:EH) Stock Price Down 7.6% – Should You Sell?

Shares of EHang Holdings Limited (NASDAQ:EH) traded down 7.6% during mid-day trading on Friday . The company traded as low as $20.46 and last traded at $20.51. 839,000 shares traded hands during trading, a decline of 49% from the average session volume of 1,647,470 shares. The stock had previously closed at $22.19.

Wall Street Analysts Forecast Growth

Separately, CICC Research initiated coverage on EHang in a report on Thursday, January 2nd. They set an “outperform” rating on the stock.

EHang Stock Down 7.3 %

The firm has a market cap of $1.31 billion, a price-to-earnings ratio of -38.11 and a beta of 0.91. The stock’s 50 day moving average is $21.35 and its 200 day moving average is $17.41. The company has a quick ratio of 2.25, a current ratio of 2.39 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Natixis bought a new stake in EHang in the fourth quarter worth about $25,000. Tower Research Capital LLC TRC raised its holdings in shares of EHang by 247.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company’s stock worth $33,000 after purchasing an additional 1,472 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in EHang during the fourth quarter valued at approximately $79,000. Point72 Asset Management L.P. bought a new stake in EHang during the third quarter worth approximately $104,000. Finally, Point72 Hong Kong Ltd acquired a new position in EHang in the third quarter worth approximately $118,000. Institutional investors own 94.03% of the company’s stock.

About EHang

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.