Niu Technologies (NASDAQ:NIU) Shares Acquired by Guggenheim Capital LLC

Guggenheim Capital LLC lifted its holdings in shares of Niu Technologies (NASDAQ:NIU) by 7.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,753 shares of the company’s stock after acquiring an additional 11,266 shares during the quarter. Guggenheim Capital LLC owned about 0.20% of Niu Technologies worth $641,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in NIU. JPMorgan Chase & Co. lifted its holdings in shares of Niu Technologies by 94.7% during the 1st quarter. JPMorgan Chase & Co. now owns 407,178 shares of the company’s stock valued at $3,933,000 after acquiring an additional 198,021 shares in the last quarter. Citigroup Inc. lifted its holdings in Niu Technologies by 4.3% in the 1st quarter. Citigroup Inc. now owns 69,503 shares of the company’s stock worth $671,000 after buying an additional 2,895 shares in the last quarter. BlackRock Inc. lifted its holdings in Niu Technologies by 1.0% in the 1st quarter. BlackRock Inc. now owns 640,617 shares of the company’s stock worth $6,189,000 after buying an additional 6,416 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Niu Technologies by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 346,598 shares of the company’s stock worth $3,353,000 after buying an additional 12,000 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its holdings in Niu Technologies by 46.3% in the 1st quarter. Vontobel Holding Ltd. now owns 61,778 shares of the company’s stock worth $597,000 after buying an additional 19,558 shares in the last quarter. Institutional investors and hedge funds own 13.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. TheStreet lowered shares of Niu Technologies from a “c-” rating to a “d” rating in a report on Tuesday, June 13th. Citigroup lowered shares of Niu Technologies from a “buy” rating to a “neutral” rating in a report on Monday, May 22nd.

Niu Technologies Stock Performance

NIU opened at $3.22 on Wednesday. The company has a 50-day moving average of $3.76 and a 200-day moving average of $3.87. The company has a market capitalization of $248.36 million, a P/E ratio of -19.23 and a beta of 0.62. Niu Technologies has a 1-year low of $2.57 and a 1-year high of $6.19.

Niu Technologies Profile

Niu Technologies designs, manufactures, and sells smart electric scooters in the People's Republic of China. The company offers RQi, NQi, MQi, SQi, UQi, and Gova series electric scooters and motorcycles; KQi series one kick-scooters; BQi series e-bikes; and Niu Aero Sports Bicycles. It also provides accessories and spare parts under the NIU brand name comprising scooter accessories, such as raincoats, gloves, knee pads, storage baskets and tail boxes, smart phone holders, backrests, and locks; lifestyle accessories, which includes T-shirts, coats, sweaters and hoodies, jeans, hats, bags, jewelry, notebook, badges, key chain, and mugs; and performance upgrade components that comprises of upgraded wheels, shock absorbers, brake calipers, and carbon fiber body panels.