eHi Car Services Limited (NYSE:EHIC) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Separately, Zacks Investment Research raised eHi Car Services Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, May 23rd.

eHi Car Services Limited (EHIC) traded down 0.21% during midday trading on Friday, reaching $9.67. The company’s stock had a trading volume of 63,302 shares. eHi Car Services Limited has a 12-month low of $8.11 and a 12-month high of $12.43. The firm has a market cap of $661.21 million, a price-to-earnings ratio of 66.69 and a beta of 0.44. The company’s 50-day moving average is $9.85 and its 200 day moving average is $10.05.

eHi Car Services Limited (NYSE:EHIC) last released its earnings results on Monday, June 5th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. The firm had revenue of $89.43 million for the quarter. eHi Car Services Limited had a return on equity of 1.68% and a net margin of 2.98%. Equities analysts forecast that eHi Car Services Limited will post $0.31 earnings per share for the current year.

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Several hedge funds have recently made changes to their positions in the stock. Symmetry Peak Management LLC purchased a new stake in shares of eHi Car Services Limited during the first quarter worth about $127,000. Columbia Pacific Advisors LLC raised its stake in shares of eHi Car Services Limited by 0.3% in the first quarter. Columbia Pacific Advisors LLC now owns 50,643 shares of the company’s stock worth $512,000 after buying an additional 154 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of eHi Car Services Limited by 310.9% in the fourth quarter. Renaissance Technologies LLC now owns 108,900 shares of the company’s stock worth $987,000 after buying an additional 82,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of eHi Car Services Limited by 237.8% in the first 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. Hedge funds and other institutional investors own 29.28% of the company’s stock.

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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