EHang Target of Unusually Large Options Trading (NASDAQ:EH)

EHang Holdings Limited (NASDAQ:EH) was the recipient of some unusual options trading activity on Friday. Traders acquired 13,613 put options on the stock. This is an increase of 104% compared to the average daily volume of 6,662 put options.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. China Renaissance assumed coverage on EHang in a research note on Tuesday, September 24th. They set a “buy” rating for the company. CICC Research began coverage on shares of EHang in a research note on Thursday, January 2nd. They set an “outperform” rating for the company.

EHang Price Performance

Shares of EH traded down $0.33 during trading hours on Friday, hitting $14.37. 872,556 shares of the stock were exchanged, compared to its average volume of 1,673,512. The stock’s 50-day moving average price is $15.55 and its two-hundred day moving average price is $14.59. EHang has a 12-month low of $9.51 and a 12-month high of $22.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39. The company has a market cap of $912.64 million, a price-to-earnings ratio of -26.61 and a beta of 0.94.

Institutional Investors Weigh In On EHang

A number of large investors have recently modified their holdings of EH. Point72 Asset Management L.P. acquired a new position in shares of EHang during the 3rd quarter valued at about $104,000. Point72 Hong Kong Ltd purchased a new stake in shares of EHang in the 3rd quarter valued at approximately $118,000. Quantbot Technologies LP raised its position in shares of EHang by 78.2% during the 3rd quarter. Quantbot Technologies LP now owns 9,348 shares of the company’s stock valued at $132,000 after buying an additional 4,101 shares during the period. XTX Topco Ltd acquired a new position in EHang in the second quarter valued at approximately $383,000. Finally, Verition Fund Management LLC acquired a new stake in EHang during the third quarter worth $508,000. Hedge funds and other 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.