Niu Technologies (NASDAQ:NIU) Raised to “Buy” at Wall Street Zen

Niu Technologies (NASDAQ:NIU) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Niu Technologies in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Niu Technologies Price Performance

NASDAQ NIU opened at $3.21 on Friday. The stock’s 50 day simple moving average is $4.13 and its 200-day simple moving average is $3.99. The company has a market cap of $250.12 million, a PE ratio of -64.20 and a beta of -0.37. Niu Technologies has a 1-year low of $1.66 and a 1-year high of $5.67.

Niu Technologies (NASDAQ:NIU) last posted its quarterly earnings data on Monday, November 17th. The company reported $0.14 EPS for the quarter. The firm had revenue of $237.94 million during the quarter. Niu Technologies had a negative return on equity of 2.32% and a negative net margin of 0.48%.

Hedge Funds Weigh In On Niu Technologies

A number of institutional investors have recently bought and sold shares of NIU. Invesco Ltd. grew its stake in shares of Niu Technologies by 46.4% in the 3rd quarter. Invesco Ltd. now owns 1,812,576 shares of the company’s stock valued at $8,501,000 after buying an additional 574,071 shares during the period. Polunin Capital Partners Ltd lifted its holdings in Niu Technologies by 36.3% in the third quarter. Polunin Capital Partners Ltd now owns 1,460,883 shares of the company’s stock valued at $6,603,000 after acquiring an additional 388,821 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in Niu Technologies by 300.0% in the second quarter. Acadian Asset Management LLC now owns 840,876 shares of the company’s stock valued at $2,818,000 after acquiring an additional 630,653 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Niu Technologies by 9.3% in the third quarter. Dimensional Fund Advisors LP now owns 371,832 shares of the company’s stock worth $1,744,000 after acquiring an additional 31,678 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in Niu Technologies during the second quarter worth $1,225,000. 75.06% of the stock is owned by hedge funds and other institutional investors.

Niu Technologies Company Profile

Niu Technologies designs, manufactures, and sells electric scooters in the People’s Republic of China, Europe, and internationally. The company offers RQi, NQi, MQi, SQi, UQi, F, and Gova series smart electric scooters, motorcycles, mopeds, and bicycles; KQi series kick-scooters; BQi series e-bikes; and Niu Aero Sports Bicycles.