Niu Technologies (NASDAQ:NIU) Stock Rating Upgraded by Wall Street Zen

Niu Technologies (NASDAQ:NIU) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Niu Technologies in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Niu Technologies Trading Down 8.0%

Shares of NIU opened at $3.21 on Friday. The stock has a market capitalization of $250.12 million, a price-to-earnings ratio of -64.20 and a beta of -0.37. Niu Technologies has a 12 month low of $1.66 and a 12 month high of $5.67. The firm has a fifty day simple moving average of $4.13 and a 200 day simple moving average of $3.99.

Niu Technologies (NASDAQ:NIU) last issued its quarterly earnings results on Monday, November 17th. The company reported $0.14 EPS for the quarter. Niu Technologies had a negative net margin of 0.48% and a negative return on equity of 2.32%. The firm had revenue of $237.94 million for the quarter.

Institutional Investors Weigh In On Niu Technologies

A number of institutional investors and hedge funds have recently modified their holdings of NIU. Acadian Asset Management LLC grew its holdings in Niu Technologies by 300.0% during the second quarter. Acadian Asset Management LLC now owns 840,876 shares of the company’s stock worth $2,818,000 after purchasing an additional 630,653 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Niu Technologies by 56.4% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 364,382 shares of the company’s stock valued at $1,224,000 after buying an additional 131,453 shares during the period. Headlands Technologies LLC lifted its position 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 valued at $340,000 after buying an additional 65,899 shares during the last quarter. Sei Investments Co. bought a new position in shares of Niu Technologies during the 2nd quarter worth approximately $40,000. Finally, Nomura Holdings Inc. acquired a new position in shares of Niu Technologies during the 2nd quarter worth approximately $51,000. 75.06% of the stock is owned by institutional investors.

About Niu Technologies

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.