Niu Technologies (NASDAQ:NIU) Upgraded by Wall Street Zen to Buy Rating

by · The Markets Daily

Wall Street Zen upgraded shares of Niu Technologies (NASDAQ:NIU – Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday.

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

Read Our Latest Stock Report on NIU

Niu Technologies Price Performance

NIU stock opened at $3.21 on Friday. The firm has a market capitalization of $250.12 million, a P/E ratio of -64.20 and a beta of -0.37. The business’s 50-day moving average is $4.13 and its two-hundred day moving average is $3.99. Niu Technologies has a 1 year low of $1.66 and a 1 year high of $5.67.

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

Institutional Investors Weigh In On Niu Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sei Investments Co. purchased a new stake in Niu Technologies in the second quarter valued at $40,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Niu Technologies during the second quarter worth about $45,000. Nomura Holdings Inc. acquired a new stake in shares of Niu Technologies during the second quarter worth about $51,000. E Fund Management Co. Ltd. purchased a new stake in shares of Niu Technologies in the 2nd quarter valued at about $54,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in shares of Niu Technologies in the 3rd quarter valued at about $78,000. 75.06% of the stock is currently owned by institutional investors and hedge funds.

Niu Technologies Company Profile

(Get Free Report)

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.

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