Niu Technologies (NASDAQ:NIU) Shares Down 6.7%

Shares of Niu Technologies (NASDAQ:NIU) were down 6.7% during trading on Thursday . The company traded as low as $15.15 and last traded at $15.19. Approximately 6,426 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 834,593 shares. The stock had previously closed at $16.28.

Several equities analysts have recently weighed in on NIU shares. Zacks Investment Research lowered shares of Niu Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, October 19th. TheStreet lowered shares of Niu Technologies from a “b-” rating to a “c+” rating in a report on Friday, December 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $35.50.

The company has a fifty day moving average of $19.07 and a two-hundred day moving average of $23.88. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 32.17, a P/E/G ratio of 0.57 and a beta of 0.80.

Niu Technologies (NASDAQ:NIU) last released its earnings results on Sunday, November 21st. The company reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.51). Niu Technologies had a net margin of 6.99% and a return on equity of 22.03%. The business had revenue of $190.33 million during the quarter, compared to analyst estimates of $207.28 million. During the same period last year, the business posted $0.15 EPS. On average, research analysts anticipate that Niu Technologies will post 0.46 EPS for the current year.

Hedge funds have recently made changes to their positions in the company. New York State Common Retirement Fund purchased a new stake in Niu Technologies during the 2nd quarter worth about $171,000. American Century Companies Inc. increased its position in Niu Technologies by 7.9% during the 2nd quarter. American Century Companies Inc. now owns 8,445 shares of the company’s stock worth $276,000 after purchasing an additional 615 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in Niu Technologies during the 2nd quarter worth about $48,000. Deutsche Bank AG increased its position in Niu Technologies by 266.1% during the 2nd quarter. Deutsche Bank AG now owns 357,905 shares of the company’s stock worth $11,685,000 after purchasing an additional 260,143 shares in the last quarter. Finally, BlackRock Inc. increased its position in Niu Technologies by 2.7% during the 2nd quarter. BlackRock Inc. now owns 611,283 shares of the company’s stock worth $19,958,000 after purchasing an additional 16,051 shares in the last quarter. Institutional investors and hedge funds own 35.30% of the company’s stock.

About Niu Technologies (NASDAQ:NIU)

Niu Technologies is a holding company, which engages in the provision of urban mobility solutions. It involves in the design, manufacture, and sale of electric bicycles and motorcycles. The company was founded by Wei Hua He, Yi Nan Li, Yi Lin Hu, Nelson Joseph, Cheng Dong Liu, and Yi Bong Zhang in September 2014 and is headquartered in Beijing, China.

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