Daiwa Securities Group Inc. Has $449,000 Stock Position in Niu Technologies (NASDAQ:NIU)

Daiwa Securities Group Inc. boosted its holdings in shares of Niu Technologies (NASDAQ:NIUGet Rating) by 214.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,504 shares of the company’s stock after buying an additional 31,729 shares during the period. Daiwa Securities Group Inc.’s holdings in Niu Technologies were worth $449,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. DekaBank Deutsche Girozentrale grew its stake in Niu Technologies by 13.7% in the first quarter. DekaBank Deutsche Girozentrale now owns 540,000 shares of the company’s stock valued at $5,535,000 after purchasing an additional 65,000 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Niu Technologies by 6.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,502,149 shares of the company’s stock valued at $43,491,000 after purchasing an additional 253,451 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Niu Technologies by 51.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,632 shares of the company’s stock valued at $248,000 after purchasing an additional 8,712 shares in the last quarter. Green Alpha Advisors LLC purchased a new position in Niu Technologies in the first quarter valued at about $124,000. Finally, Parametrica Management Ltd grew its stake in Niu Technologies by 247.6% in the fourth quarter. Parametrica Management Ltd now owns 129,782 shares of the company’s stock valued at $2,091,000 after purchasing an additional 92,450 shares in the last quarter.

Niu Technologies Stock Performance

NIU opened at $6.64 on Monday. The company has a market cap of $510.22 million, a PE ratio of 17.03, a price-to-earnings-growth ratio of 0.61 and a beta of 0.71. The stock has a 50-day moving average of $7.75 and a 200-day moving average of $10.02. Niu Technologies has a 52-week low of $6.07 and a 52-week high of $30.10.

Niu Technologies (NASDAQ:NIUGet Rating) last released its quarterly earnings results on Monday, May 23rd. The company reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $90.78 million for the quarter. Niu Technologies had a return on equity of 16.60% and a net margin of 5.37%. On average, research analysts predict that Niu Technologies will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group started coverage on Niu Technologies in a research note on Thursday, April 14th. They issued a “hold” rating and a $10.50 target price on the stock.

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.

See Also

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Institutional Ownership by Quarter for Niu Technologies (NASDAQ:NIU)

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