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.

TRADEMARK VIOLATION WARNING: This piece was first posted by Watch List News and is the property of of Watch List News. If you are viewing this piece on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark legislation. The original version of this piece can be viewed at https://www.watchlistnews.com/ehi-car-services-ehic-sees-large-volume-increase/1802936.html.

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.

Receive News & Ratings for Ehi Car Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ehi Car Services and related companies with MarketBeat.com's FREE daily email newsletter.