Price Action Alert: Ehi Car Services Ltd (ADR) Increases Again; Strong Momentum for Buyers

Price Action Alert: Ehi Car Services Ltd (ADR) Increases Again; Strong Momentum for Buyers

The stock of Ehi Car Services Ltd (ADR) (NYSE:EHIC) is a huge mover today! About 97,682 shares traded hands or 52.95% up from the average. Ehi Car Services Ltd (ADR) (NYSE:EHIC) has declined 11.42% since April 14, 2016 and is downtrending. It has underperformed by 16.10% the S&P500.
The move comes after 7 months positive chart setup for the $323.82 million company. It was reported on Nov, 16 by Barchart.com. We have $28.06 PT which if reached, will make NYSE:EHIC worth $573.16M more.

According to Zacks Investment Research, “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.”

More recent Ehi Car Services Ltd (ADR) (NYSE:EHIC) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on November 08, 2014. Also Etfdailynews.com published the news titled: “Billionaire Investor Loves These Five Chinese Stocks” on September 17, 2015. Barrons.com‘s news article titled: “Why CAR Inc., China’s Top Rental Firm, Can Double in Value” with publication date: October 07, 2015 was also an interesting one.

EHIC Company Profile

eHi Car Services Limited, formerly Prudent Choice International Limited, incorporated on August 3, 2007, is a holding company. The Firm is engaged in car rentals and car services. The Firm 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. The Firm operates its car rentals business primarily through its subsidiaries, including Shanghai eHi Car Rental Co., Ltd. (eHi Rental), eHi Auto Services (Jiangsu) Co., Ltd. (eHi Jiangsu), and their subsidiaries and branches. For its car services business, the Company provides vehicles and chauffeur services through different subsidiaries. The Firm provides chauffeur services through its subsidiary, Shanghai Smart Brand Auto Driving Services Co., Ltd. (Shanghai Smart Brand), and its subsidiaries and branches. The Firm has a limited operating history.

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