Zacks Investment Research upgraded shares of eHi Car Services Limited (NYSE:EHIC) from a sell rating to a hold rating in a report published on Tuesday.

According to Zacks, “eHi Car Services Limited provides car rentals and car services in the People’s Republic of China. The Company offers self-drive car rental services, car services and international car rental service. It provides self-drive car rentals to both individual customers and corporate clients. The Company’s chauffeured car services include drop-off and pick-up services at local airports, business shuttle service, intercity transportation service and etc. It offers international car rental service to its customers when they travel abroad. eHi Car Services Limited is headquartered in Shanghai, the People’s Republic of China. “

Separately, ValuEngine upgraded shares of eHi Car Services Limited from a sell rating to a hold rating in a report on Friday, September 1st.

eHi Car Services Limited (EHIC) opened at $11.70 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 1.93 and a debt-to-equity ratio of 0.59. eHi Car Services Limited has a twelve month low of $8.11 and a twelve month high of $12.50. The company has a market cap of $749.15, a P/E ratio of 53.95 and a beta of 0.53.

eHi Car Services Limited (NYSE:EHIC) last posted its quarterly earnings results on Monday, August 28th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. eHi Car Services Limited had a net margin of 4.05% and a return on equity of 2.41%. The company had revenue of $94.37 million during the quarter. equities analysts forecast that eHi Car Services Limited will post 0.34 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its position in shares of eHi Car Services Limited by 47.8% during the 1st quarter. Renaissance Technologies LLC now owns 160,900 shares of the company’s stock worth $1,627,000 after buying an additional 52,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of eHi Car Services Limited by 237.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 134,388 shares of the company’s stock worth $1,359,000 after buying an additional 94,605 shares during the last quarter. Renaissance Group LLC purchased a new stake in shares of eHi Car Services Limited during the 2nd quarter worth approximately $431,000. Yiheng Capital LLC lifted its position in shares of eHi Car Services Limited by 14.9% during the 2nd 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 during the last quarter. Finally, Pictet Asset Management Ltd. purchased a new stake in shares of eHi Car Services Limited during the 3rd quarter worth approximately $241,000. Institutional investors own 27.92% of the company’s stock.

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About eHi Car Services Limited

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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