Niu Technologies (NASDAQ:NIU) Trading 3% Higher – Time to Buy?

Niu Technologies (NASDAQ:NIU)’s stock price rose 3% during mid-day trading on Wednesday . The stock traded as high as $2.08 and last traded at $2.07. 196,319 shares changed hands during trading, a decline of 61% from the average session volume of 507,577 shares. The stock had previously closed at $2.01.

Wall Street Analyst Weigh In

NIU has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Niu Technologies in a research note on Thursday, June 18th. Citigroup cut their target price on shares of Niu Technologies from $3.70 to $3.50 and set a “neutral” rating for the company in a research note on Tuesday, March 17th. Finally, Wall Street Zen downgraded shares of Niu Technologies from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Niu Technologies has an average rating of “Reduce” and a consensus price target of $3.50.

Niu Technologies Trading Up 3.0%

The firm has a market cap of $161.94 million, a P/E ratio of -11.50 and a beta of -0.13. The stock has a 50 day simple moving average of $2.53 and a 200-day simple moving average of $2.98.

Niu Technologies (NASDAQ:NIU) last posted its earnings results on Friday, May 15th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.23). Niu Technologies had a negative net margin of 2.17% and a negative return on equity of 10.85%. The firm had revenue of $131.92 million for the quarter, compared to the consensus estimate of $133.02 million.

Hedge Funds Weigh In On Niu Technologies

Several institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio increased its holdings in shares of Niu Technologies by 9.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 50,835 shares of the company’s stock worth $154,000 after buying an additional 4,477 shares during the last quarter. Sei Investments Co. raised its position in shares of Niu Technologies by 75.5% during the 3rd quarter. Sei Investments Co. now owns 20,979 shares of the company’s stock valued at $98,000 after buying an additional 9,028 shares in the last quarter. Quarry LP bought a new position in shares of Niu Technologies in the 4th quarter valued at about $27,000. SmartHarvest Portfolios LLC bought a new position in shares of Niu Technologies in the 1st quarter valued at about $36,000. Finally, Nomura Holdings Inc. purchased a new position in Niu Technologies in the second quarter worth about $51,000. Institutional investors 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.