Goldman Sachs Group Inc. reduced its stake in Niu Technologies (NASDAQ:NIU – Free Report) by 80.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 166,060 shares of the company’s stock after selling 692,534 shares during the quarter. Goldman Sachs Group Inc. owned about 0.21% of Niu Technologies worth $678,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baader Bank Aktiengesellschaft acquired a new position in shares of Niu Technologies in the first quarter worth approximately $89,000. Two Sigma Investments LP lifted its stake in shares of Niu Technologies by 27.6% in the fourth quarter. Two Sigma Investments LP now owns 170,920 shares of the company’s stock worth $306,000 after acquiring an additional 37,008 shares during the period. Headlands Technologies LLC lifted its stake in shares of Niu Technologies by 375.3% in the first quarter. Headlands Technologies LLC now owns 83,456 shares of the company’s stock worth $340,000 after acquiring an additional 65,899 shares during the period. Bank of America Corp DE lifted its stake in shares of Niu Technologies by 7.4% in the fourth quarter. Bank of America Corp DE now owns 243,652 shares of the company’s stock worth $436,000 after acquiring an additional 16,736 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Niu Technologies in the first quarter worth approximately $578,000. 75.06% of the stock is owned by institutional investors and hedge funds.
Niu Technologies Price Performance
Niu Technologies stock opened at $4.64 on Thursday. The stock’s 50 day moving average is $4.18 and its 200 day moving average is $3.71. The firm has a market cap of $361.56 million, a P/E ratio of -17.85 and a beta of -0.34. Niu Technologies has a one year low of $1.66 and a one year high of $5.37.
Niu Technologies Company 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.
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