Niu Technologies (NIU) Scheduled to Post Quarterly Earnings on Monday

Niu Technologies (NASDAQ:NIUGet Rating) is scheduled to be announcing its earnings results before the market opens on Monday, November 21st. Parties that are interested in registering for the company’s conference call can do so using this link.

Niu Technologies (NASDAQ:NIUGet Rating) last released its earnings results on Monday, August 15th. The company reported $0.03 EPS for the quarter. Niu Technologies had a return on equity of 9.88% and a net margin of 3.43%. The company had revenue of $123.56 million during the quarter. On average, analysts expect Niu Technologies to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Niu Technologies Trading Up 7.3 %

NIU stock opened at $3.22 on Monday. The company has a market capitalization of $247.42 million, a P/E ratio of 13.42, a PEG ratio of 0.68 and a beta of 0.54. The firm has a 50 day simple moving average of $3.87 and a 200-day simple moving average of $6.15. Niu Technologies has a twelve month low of $2.57 and a twelve month high of $26.59.

Analyst Ratings Changes

Separately, Citigroup decreased their price objective on shares of Niu Technologies from $14.30 to $6.70 in a report on Monday, October 10th.

Institutional Investors Weigh In On Niu Technologies

A number of institutional investors have recently made changes to their positions in NIU. Goldman Sachs Group Inc. boosted its holdings in shares of Niu Technologies by 14.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 50,280 shares of the company’s stock valued at $432,000 after buying an additional 6,354 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Niu Technologies by 18.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,382 shares of the company’s stock valued at $261,000 after acquiring an additional 4,750 shares during the period. Northern Trust Corp bought a new position in shares of Niu Technologies during the second quarter valued at approximately $125,000. UBS Group AG raised its position in shares of Niu Technologies by 29.7% during the 2nd quarter. UBS Group AG now owns 80,238 shares of the company’s stock worth $690,000 after purchasing an additional 18,358 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Niu Technologies by 2.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 418,165 shares of the company’s stock worth $3,596,000 after purchasing an additional 10,987 shares during the last quarter. 40.09% of the stock is currently owned by institutional investors.

About Niu Technologies

(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

Earnings History for Niu Technologies (NASDAQ:NIU)

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