Capital Impact Advisors LLC Grows Stock Holdings in Niu Technologies (NASDAQ:NIU)

Capital Impact Advisors LLC increased its holdings in shares of Niu Technologies (NASDAQ:NIU – Get Rating) by 56.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,566 shares of the company’s stock after buying an additional 6,358 shares during the period. Capital Impact Advisors LLC’s holdings in Niu Technologies were worth $65,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Niu Technologies by 0.7% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,479,874 shares of the company’s stock valued at $22,467,000 after acquiring an additional 37,284 shares during the period. Vanguard Group Inc. raised its position in Niu Technologies by 2.0% during the third quarter. Vanguard Group Inc. now owns 1,650,255 shares of the company’s stock worth $6,766,000 after acquiring an additional 31,726 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Niu Technologies by 52.2% in the first quarter. Renaissance Technologies LLC now owns 969,200 shares of the company’s stock valued at $9,362,000 after purchasing an additional 332,584 shares in the last quarter. BlackRock Inc. grew its position in shares of Niu Technologies by 1.4% in the third quarter. BlackRock Inc. now owns 657,627 shares of the company’s stock valued at $2,695,000 after purchasing an additional 8,910 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Niu Technologies by 2.7% during 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 in the last quarter. Hedge funds and other institutional investors own 33.53% of the company’s stock.

Analyst Ratings Changes

Separately, Bank of America cut Niu Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the company from $11.40 to $5.90 in a report on Tuesday, February 7th.

Niu Technologies Stock Performance

Shares of NIU opened at $3.84 on Friday. Niu Technologies has a fifty-two week low of $2.57 and a fifty-two week high of $11.08. The company has a market capitalization of $295.07 million, a PE ratio of 54.14, a price-to-earnings-growth ratio of 8.20 and a beta of 0.53. The stock has a fifty day moving average of $4.79 and a two-hundred day moving average of $4.43.

Niu Technologies Profile

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Niu Technologies is a holding company, which engages in the provision of urban mobility solutions. It is involved in the design, manufacture, and sale of electric bicycles and motorcycles. Its product portfolio includes electric scooters and motorcycles, electric kick-scooters, and e-bikes. The company was founded by Wei Hua He, Yi Nan Li, Yi Lin Hu, Nelson Joseph, Cheng Dong Liu, and Yi Bong Zhang in September 2014 and is headquartered in Beijing, China.