eHi Car Services Limited (NYSE:EHIC) shares hit a new 52-week high on Friday . The company traded as high as $11.78 and last traded at $11.63, with a volume of 1,347,178 shares traded. The stock had previously closed at $9.75.

Several research firms have commented on EHIC. Zacks Investment Research cut shares of eHi Car Services Limited from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. ValuEngine raised shares of eHi Car Services Limited from a “sell” rating to a “hold” rating in a research note on Friday, September 1st.

The stock has a market capitalization of $786.34 million, a PE ratio of 53.99 and a beta of 0.45. The company has a 50 day moving average of $9.64 and a 200-day moving average of $9.84.

eHi Car Services Limited (NYSE:EHIC) last issued its quarterly earnings results on Monday, August 28th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The business had revenue of $94.37 million during the quarter. eHi Car Services Limited had a net margin of 4.05% and a return on equity of 2.41%. Equities analysts anticipate that eHi Car Services Limited will post $0.37 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the stock. Columbia Pacific Advisors LLC lifted its position in shares of eHi Car Services Limited by 0.3% in the 1st quarter. Columbia Pacific Advisors LLC now owns 50,643 shares of the company’s stock valued at $512,000 after acquiring an additional 154 shares in the last quarter. Symmetry Peak Management LLC purchased a new stake in shares of eHi Car Services Limited in the 1st quarter valued at approximately $127,000. Parametric Portfolio Associates LLC purchased a new stake in shares of eHi Car Services Limited in the 2nd quarter valued at approximately $186,000. Dimensional Fund Advisors LP lifted its position in shares of eHi Car Services Limited by 28.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 172,147 shares of the company’s stock valued at $1,718,000 after acquiring an additional 37,759 shares in the last quarter. Finally, Renaissance Group LLC purchased a new stake in shares of eHi Car Services Limited in the 2nd quarter valued at approximately $431,000. Institutional investors and hedge funds own 28.48% of the company’s stock.

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eHi Car Services Limited 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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