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

Niu Technologies (NASDAQ:NIU) was downgraded by equities researchers at Wall Street Zen from a “sell” rating to a “strong sell” rating in a report released on Sunday, Wall Street Zen reports.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Niu Technologies in a research report on Monday, September 14th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $3.50.

Niu Technologies Trading Down 6.8%

Shares of NASDAQ NIU opened at $1.91 on Friday. The stock has a market cap of $149.42 million, a P/E ratio of -5.03 and a beta of -0.18. Niu Technologies has a 12-month low of $1.79 and a 12-month high of $5.67. The business’s fifty day simple moving average is $2.18 and its 200-day simple moving average is $2.48.

Niu Technologies (NASDAQ:NIU) last released its earnings results on Monday, August 10th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.38). Niu Technologies had a negative return on equity of 24.20% and a negative net margin of 4.39%.The company had revenue of $212.01 million for the quarter, compared to analyst estimates of $173.23 million.

Hedge Funds Weigh In On Niu Technologies

A hedge fund recently bought a new stake in Niu Technologies stock. Engineers Gate Manager LP acquired a new position in shares of Niu Technologies (NASDAQ:NIU) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 19,219 shares of the company’s stock, valued at approximately $39,000. 75.06% of the stock is currently owned by institutional investors.

Niu Technologies Company Profile

Niu Technologies is a China-based company that designs, manufactures and sells smart electric two-wheelers and related mobility products. Its portfolio includes electric scooters, mopeds, motorcycles and kick scooters marketed under the NIU brand. The company integrates connected technology into its vehicles, including mobile applications, onboard electronics and cloud-based systems designed to support functions such as vehicle monitoring, diagnostics, navigation and battery management.

Niu’s product families have included the NQi, MQi, UQi and RQi electric two-wheeler lines, as well as the KQi series of electric kick scooters.