Niu Technologies (NASDAQ:NIU) Shares Up 3% – Should You Buy?

Niu Technologies (NASDAQ:NIU) shares shot up 3% on Wednesday . The company traded as high as $2.08 and last traded at $2.07. 196,319 shares were traded during trading, a decline of 61% from the average daily volume of 507,577 shares. The stock had previously closed at $2.01.

Analyst Ratings Changes

Several equities analysts recently commented on NIU shares. Weiss Ratings restated a “sell (d-)” rating on shares of Niu Technologies in a research note on Thursday, June 18th. Wall Street Zen cut shares of Niu Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Citigroup cut their price objective on shares of Niu Technologies from $3.70 to $3.50 and set a “neutral” rating for the company in a report on Tuesday, March 17th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Niu Technologies currently has an average rating of “Reduce” and a consensus price target of $3.50.

Niu Technologies Price Performance

The stock has a 50-day moving average of $2.51 and a 200-day moving average of $2.98. The firm has a market cap of $158.81 million, a price-to-earnings ratio of -11.28 and a beta of -0.13.

Niu Technologies (NASDAQ:NIU) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.23). The company had revenue of $131.92 million during the quarter, compared to analyst estimates of $133.02 million. Niu Technologies had a negative net margin of 2.17% and a negative return on equity of 10.85%.

Institutional Investors Weigh In On Niu Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP acquired a new stake in Niu Technologies during the fourth quarter worth about $27,000. Sei Investments Co. acquired a new position in shares of Niu Technologies in the 2nd quarter valued at approximately $40,000. SmartHarvest Portfolios LLC acquired a new position in shares of Niu Technologies in the 1st quarter valued at approximately $36,000. Nomura Holdings Inc. bought a new stake in shares of Niu Technologies during the 2nd quarter worth approximately $51,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Niu Technologies during the 4th quarter worth approximately $47,000. Institutional investors own 75.06% of the company’s stock.

Niu Technologies Company Profile

Niu Technologies Co, Ltd., established in 2014 and headquartered in Beijing, is a leading designer and manufacturer of smart electric scooters and micro-mobility solutions. The company integrates Internet of Things (IoT) connectivity into its vehicles, enabling real-time monitoring of battery status, vehicle diagnostics, and location tracking through its proprietary mobile application. By leveraging lightweight materials and modular battery systems, Niu aims to deliver efficient urban transportation alternatives that reduce reliance on conventional gasoline-powered motorcycles and cars.

Niu’s product portfolio encompasses a range of electric scooters, motorcycles, and e-bikes marketed under its NQi, MQi, and UQi series.