Wall Street Zen downgraded EHang Holdings Ltd (NASDAQ:EH) from a sell to a strong sell rating on Saturday. The company's stock is currently trading near its 12-month low.
Market analysts maintain a consensus Reduce rating for the company. The average price target for the stock is $7.18.
EHang reported a quarterly loss of $0.11 per share. Total revenue for the period reached $11.46 million. The company's net margin stands at negative 74.74%.
Institutional investors and hedge funds control 94.03% of the company's outstanding shares.