Ehi Car Services (EHIC) Sees Large Volume Increase
Shares of Ehi Car Services Ltd (NYSE:EHIC) saw strong trading volume on Tuesday . 715,932 shares traded hands during trading, an increase of 281% from the previous session’s volume of 187,700 shares.The stock last traded at $12.12 and had previously closed at $12.12.
Separately, Zacks Investment Research upgraded shares of Ehi Car Services from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st.
The stock has a market capitalization of $836.43, a P/E ratio of 57.19 and a beta of 0.51.
Institutional investors have recently modified their holdings of the business. Parametric Portfolio Associates LLC acquired a new position in Ehi Car Services during the 2nd quarter valued at approximately $186,000. Pictet Asset Management Ltd. purchased a new stake in Ehi Car Services during the third quarter worth $241,000. Renaissance Group LLC boosted its holdings in Ehi Car Services by 11.1% during the third quarter. Renaissance Group LLC now owns 47,925 shares of the company’s stock worth $470,000 after buying an additional 4,786 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Ehi Car Services by 28.1% during the second quarter. Dimensional Fund Advisors LP now owns 172,147 shares of the company’s stock worth $1,718,000 after buying an additional 37,759 shares in the last quarter. Finally, Yiheng Capital LLC boosted its holdings in Ehi Car Services by 14.9% during the second quarter. Yiheng Capital LLC now owns 2,538,097 shares of the company’s stock worth $25,330,000 after buying an additional 329,070 shares in the last quarter. Institutional investors and hedge funds own 27.88% of the company’s stock.
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Ehi Car Services Company Profile
eHi Car Services Limited, formerly Prudent Choice International Limited, is a holding company. The Company is engaged in car rentals and car services. The Company provides self-drive car rental services to both individual customers, as well as corporate and institutional clients to meet travel, leisure, business and ground transportation needs.
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