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Hesai Stock Jumps 6%

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Hesai Group (HSAI) rose 6.35 percent to $24.78, up $1.46, possibly due to yesterday's reporting of 53.9 percent year-over-year increase in second-quarter net revenues to RMB 706.4 million from RMB 458.9 million. The company posted net income per ordinary share of RMB 0.33, compared with a loss of RMB 0.56 in the same quarter last year.

Shares opened at $25.08 and traded between $24.20 and a 52-week high of $27.77, with 8.21 million shares changing hands versus an average of 3.35 million on the Nasdaq.

Hesai's 52-week range is $3.56 to $27.77.

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