Niu Technologies (NIU) Scheduled to Post Quarterly Earnings on Monday

Niu Technologies (NASDAQ:NIU – Get Rating) is scheduled to be announcing its earnings results before the market opens on Monday, March 20th. Investors that wish to listen to the company’s conference call can do so using this link.

Niu Technologies Stock Performance

Shares of NASDAQ:NIU opened at $3.98 on Friday. The company’s 50-day moving average is $4.72 and its 200 day moving average is $4.41. The company has a market capitalization of $305.82 million, a P/E ratio of 56.86, a price-to-earnings-growth ratio of 8.83 and a beta of 0.53. Niu Technologies has a fifty-two week low of $2.57 and a fifty-two week high of $11.08.

Wall Street Analysts Forecast Growth

Separately, Bank of America cut Niu Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $11.40 to $5.90 in a research note on Tuesday, February 7th.

Institutional Investors Weigh In On Niu Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Citigroup Inc. increased its position in shares of Niu Technologies by 4.3% during the first quarter. Citigroup Inc. now owns 69,503 shares of the company’s stock valued at $671,000 after buying an additional 2,895 shares during the period. Vident Investment Advisory LLC increased its position in shares of Niu Technologies by 16.4% in the fourth quarter. Vident Investment Advisory LLC now owns 26,607 shares of the company’s stock worth $139,000 after purchasing an additional 3,755 shares during the last quarter. Seaport Global Advisors LLC increased its position in shares of Niu Technologies by 51.9% in the fourth quarter. Seaport Global Advisors LLC now owns 12,570 shares of the company’s stock worth $66,000 after purchasing an additional 4,294 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Niu Technologies by 18.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,382 shares of the company’s stock worth $261,000 after purchasing an additional 4,750 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Niu Technologies by 66.3% in the first quarter. Bank of America Corp DE now owns 14,384 shares of the company’s stock worth $139,000 after purchasing an additional 5,736 shares during the last quarter. 33.53% of the stock is currently owned by institutional investors.

Niu Technologies Company Profile

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Niu Technologies is a holding company, which engages in the provision of urban mobility solutions. It is involved in the design, manufacture, and sale of electric bicycles and motorcycles. Its product portfolio includes electric scooters and motorcycles, electric kick-scooters, and e-bikes. 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.