Revenue Update on Ehi Car Services Ltd (ADR)(NYSE:EHIC)

Ehi Car Services Ltd (ADR)(NYSE:EHIC) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.03.

Ehi Car Services Ltd (ADR) (EHIC) shares turned negative on Fridays trading session with the shares closing down -0.06 points or -0.59% at a volume of 1,14,916. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10.32. The peak price level was also seen at $10.32 while the days lowest was $10.05. Finally the shares closed at $10.16. The 52-week high of the shares is $13.07 while the 52-week low is $8.11. According to the latest information available, the market cap of the company is $705 M.

eHi Car Services Limited is a holding company. The Company provides car rentals and car services to both individual customers and corporate clients. The Company operates its car rentals business primarily through its subsidiaries Shanghai eHi Car Rental Co. Ltd. (eHi Rental) and eHi Auto Services (Jiangsu) Co. Ltd. (eHi Jiangsu) and their subsidiaries and branches. For its car services business it provides vehicles and chauffeur services through different subsidiaries under separate contracts. It provides vehicles through eHi Rental and eHi Jiangsu as well as their subsidiaries and branches and provides chauffeur services through its subsidiary Shanghai Smart Brand Auto Driving Services Co. Ltd. (Shanghai Smart Brand) and its subsidiaries and branches. Its services include car rentals and car services.

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