Assenagon Asset Management S.A. Makes New Investment in Niu Technologies (NASDAQ:NIU)

Assenagon Asset Management S.A. purchased a new position in shares of Niu Technologies (NASDAQ:NIU) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,025 shares of the company’s stock, valued at approximately $32,000.

Other institutional investors have also modified their holdings of the company. Virtu Financial LLC bought a new stake in shares of Niu Technologies in the first quarter valued at about $72,000. Acadian Asset Management LLC acquired a new stake in Niu Technologies in the 2nd quarter valued at approximately $76,000. Green Alpha Advisors LLC lifted its stake in Niu Technologies by 23.9% in the 3rd quarter. Green Alpha Advisors LLC now owns 101,572 shares of the company’s stock valued at $234,000 after acquiring an additional 19,574 shares in the last quarter. Renaissance Technologies LLC boosted its position in Niu Technologies by 2.6% during the 2nd quarter. Renaissance Technologies LLC now owns 305,000 shares of the company’s stock worth $531,000 after acquiring an additional 7,800 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Niu Technologies during the 2nd quarter worth approximately $907,000. Institutional investors own 75.06% of the company’s stock.

Niu Technologies Price Performance

Shares of NASDAQ NIU opened at $2.24 on Tuesday. The business has a 50-day moving average of $2.22 and a 200-day moving average of $2.08. The stock has a market capitalization of $173.73 million, a price-to-earnings ratio of -4.47 and a beta of 0.51. Niu Technologies has a fifty-two week low of $1.57 and a fifty-two week high of $3.50.

Niu Technologies (NASDAQ:NIU) last announced its quarterly earnings results on Monday, August 12th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $129.42 million during the quarter. Niu Technologies had a negative net margin of 10.22% and a negative return on equity of 26.48%.

Niu Technologies Profile

Niu Technologies designs, manufactures, and sells electric scooters in the People’s Republic of China, Europe, and internationally. The company offers RQi, NQi, MQi, SQi, UQi, F, and Gova series smart electric scooters, motorcycles, mopeds, and bicycles; KQi series kick-scooters; BQi series e-bikes; and Niu Aero Sports Bicycles.