Morgan Stanley Begins Coverage on EHang (NASDAQ:EH)

Equity research analysts at Morgan Stanley initiated coverage on shares of EHang (NASDAQ:EH – Get a Free Report) in a research report issued Monday, MarketBeat.com reported. The brokerage set an “overweight” rating and a $27.50 price target on the stock. Morgan Stanley’s price target would indicate a potential upside of 49.54% from the company’s previous closing price.

EHang shares fell 1.7%

Shares of NASDAQ EH opened at $18.39 on Monday. The company has a quick ratio of 1.57, a current ratio of 1.81 and a debt-to-equity ratio of 0.04. EHang has a 52-week low of $9.50 and a 52-week high of $25.78. The company has a 50-day moving average of $16.67 and a 200-day moving average of $15.06. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -26.27 and a beta of 1.09.

EHang (NASDAQ:EH – Get Free Report) last reported its quarterly earnings data on Friday, March 15. The company reported ($0.16) earnings per share for the quarter. EHang had a negative net margin of 257.09% and a negative return on equity of 188.90%. The company had revenue of $7.97 million last quarter.

Institutional trading in EHang

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dfpg Investments LLC increased its position in EHang by 26.5% during the fourth quarter. Dfpg Investments LLC now owns 20,073 shares of the company’s stock worth $312,000 after acquiring an additional 4,205 shares during the last quarter. California Public Employees Retirement System increased its position in EHang by 6.0% during the third quarter. California Public Employees Retirement System now owns 76,060 shares of the company’s stock worth $1,371,000 after acquiring an additional 4,275 shares during the last quarter. Jump Financial LLC acquired a new position in EHang during the fourth quarter valued at approximately $177,000. Aigen Investment Management LP acquired a new position in EHang during the fourth quarter worth approximately $180,000. Finally, GSA Capital Partners LLP increased its position in EHang by 34.3% during the first quarter. GSA Capital Partners LLP now owns 48,370 shares of the company’s stock worth $995,000 after acquiring an additional 12,355 shares during the last quarter. Institutional investors and hedge funds own 94.03% of the company’s shares.

EHang Company Profile

(Get a free report)

EHang Holdings Limited operates as an autonomous aircraft (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.

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