Niu Technologies (NASDAQ:NIU) Trading 5.7% Higher – Here’s Why

Niu Technologies (NASDAQ:NIU) shares were up 5.7% on Tuesday . The stock traded as high as $4.07 and last traded at $3.73. Approximately 1,284,803 shares changed hands during mid-day trading, an increase of 221% from the average daily volume of 399,706 shares. The stock had previously closed at $3.53.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NIU. Wall Street Zen lowered Niu Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Niu Technologies in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Niu Technologies Stock Up 2.2%

The company has a market cap of $286.75 million, a price-to-earnings ratio of -73.60 and a beta of -0.24. The business has a 50-day simple moving average of $3.28 and a two-hundred day simple moving average of $3.85.

Institutional Investors Weigh In On Niu Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC boosted its position in shares of Niu Technologies by 1,611.5% during the first quarter. Acadian Asset Management LLC now owns 210,223 shares of the company’s stock worth $851,000 after purchasing an additional 197,940 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew 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 acquiring an additional 131,453 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Niu Technologies during the second quarter worth about $121,000. OMERS ADMINISTRATION Corp bought a new position in shares of Niu Technologies during the 2nd quarter valued at about $45,000. Finally, Invesco Ltd. increased its stake in Niu Technologies by 2,836.0% during the 2nd quarter. Invesco Ltd. now owns 1,238,505 shares of the company’s stock worth $4,161,000 after purchasing an additional 1,196,322 shares in the last quarter. Institutional investors and hedge funds own 75.06% of the company’s stock.

Niu Technologies Company Profile

Niu Technologies Co, Ltd., established in 2014 and headquartered in Beijing, is a leading designer and manufacturer of smart electric scooters and micro-mobility solutions. The company integrates Internet of Things (IoT) connectivity into its vehicles, enabling real-time monitoring of battery status, vehicle diagnostics, and location tracking through its proprietary mobile application. By leveraging lightweight materials and modular battery systems, Niu aims to deliver efficient urban transportation alternatives that reduce reliance on conventional gasoline-powered motorcycles and cars.

Niu’s product portfolio encompasses a range of electric scooters, motorcycles, and e-bikes marketed under its NQi, MQi, and UQi series.