Niu Technologies (NASDAQ:NIU) Lifted to Hold at Zacks Investment Research

Niu Technologies (NASDAQ:NIUGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

According to Zacks, “Niu Technologies is a provider of smart urban mobility solutions. It designs, manufactures and sells smart e-scooters. The company’s product portfolio consists of N, M and U with multiple models and specifications for consumer, delivery and sharing markets. Niu Technologies is based in Beijing, China. “

A number of other analysts have also recently issued reports on NIU. Citigroup decreased their target price on Niu Technologies from $39.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, March 8th. Jefferies Financial Group started coverage on Niu Technologies in a report on Thursday, April 14th. They issued a “hold” rating and a $10.50 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $22.13.

Shares of NASDAQ:NIU opened at $7.92 on Wednesday. The firm has a 50 day simple moving average of $9.40 and a 200-day simple moving average of $14.88. Niu Technologies has a twelve month low of $7.48 and a twelve month high of $35.49. The company has a market capitalization of $603.35 million, a PE ratio of 18.00, a P/E/G ratio of 0.35 and a beta of 0.82.

Niu Technologies (NASDAQ:NIUGet Rating) last announced its quarterly earnings results on Monday, March 7th. The company reported $0.09 earnings per share for the quarter. Niu Technologies had a net margin of 6.11% and a return on equity of 19.78%. The firm had revenue of $154.73 million during the quarter. As a group, equities research analysts expect that Niu Technologies will post 0.69 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE raised its stake in shares of Niu Technologies by 886.7% during the second quarter. Bank of America Corp DE now owns 1,184 shares of the company’s stock worth $38,000 after purchasing an additional 1,064 shares during the last quarter. SG Americas Securities LLC purchased a new position in Niu Technologies in the 3rd quarter valued at $123,000. BNP Paribas Arbitrage SA acquired a new position in Niu Technologies in the 3rd quarter valued at $204,000. New York State Common Retirement Fund raised its position in Niu Technologies by 74.9% during the 3rd quarter. New York State Common Retirement Fund now owns 9,151 shares of the company’s stock worth $212,000 after buying an additional 3,920 shares during the last quarter. Finally, Green Alpha Advisors LLC acquired a new stake in shares of Niu Technologies in the 1st quarter worth $124,000.

Niu Technologies Company Profile (Get Rating)

Niu Technologies designs, manufactures, and sells smart electric scooters in the People's Republic of China. The company offers NQi, MQi, UQi, and Gova series electric scooters and motorcycles; KQi series electric kick-scooters; NIU Aero and BQi series e-bikes; RQi and TQi series high-performance motorcycles; and YQi series hybrid motorcycles.

Featured Stories

Get a free copy of the Zacks research report on Niu Technologies (NIU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Niu Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Niu Technologies and related companies with MarketBeat.com's FREE daily email newsletter.