Shares of Niu Technologies – (NASDAQ:NIU) gapped up prior to trading on Tuesday . The stock had previously closed at $23.34, but opened at $22.11. Niu Technologies shares last traded at $22.92, with a volume of 31,993 shares trading hands.
NIU has been the subject of several research analyst reports. Needham & Company LLC boosted their price target on shares of Niu Technologies from $12.00 to $16.00 and gave the company a “buy” rating in a report on Friday, June 19th. BidaskClub raised shares of Niu Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. ValuEngine raised shares of Niu Technologies from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Zacks Investment Research lowered shares of Niu Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, TheStreet raised shares of Niu Technologies from a “d+” rating to a “c-” rating in a report on Tuesday, April 28th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $15.75.
The firm has a market cap of $1.36 billion, a P/E ratio of 78.96, a P/E/G ratio of 2.10 and a beta of 1.14. The company’s 50 day moving average is $12.81 and its 200 day moving average is $9.41.
Niu Technologies (NASDAQ:NIU) last issued its quarterly earnings data on Monday, May 18th. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.03). The company had revenue of $32.90 million during the quarter, compared to the consensus estimate of $32.71 million. Niu Technologies had a net margin of 7.79% and a return on equity of 20.72%. As a group, research analysts anticipate that Niu Technologies – will post 0.29 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. Oxford Asset Management LLP bought a new position in shares of Niu Technologies during the fourth quarter valued at $92,000. State Street Corp raised its stake in shares of Niu Technologies by 57.6% during the fourth quarter. State Street Corp now owns 19,384 shares of the company’s stock valued at $165,000 after acquiring an additional 7,084 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of Niu Technologies by 6.7% during the first quarter. Two Sigma Advisers LP now owns 41,300 shares of the company’s stock valued at $288,000 after acquiring an additional 2,600 shares during the last quarter. Renaissance Technologies LLC raised its stake in Niu Technologies by 149.2% during the fourth quarter. Renaissance Technologies LLC now owns 197,717 shares of the company’s stock worth $1,687,000 after buying an additional 118,367 shares during the last quarter. Finally, IDG Accel China Growth Fund III Associates L.P. bought a new position in Niu Technologies during the fourth quarter worth $2,987,000. 14.40% of the stock is owned by hedge funds and other institutional investors.
Niu Technologies Company Profile (NASDAQ:NIU)
Niu Technologies designs, manufactures, and sells smart e-scooters in the People's Republic of China. It offers N, M, and U series e-scooters with various models or specifications under the NIU brand name. The company sells and services its products through city partner system, as well as through own online store and third-party e-commerce platforms.
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