Niu Technologies (NASDAQ:NIU) Upgraded by Wall Street Zen to “Sell” Rating

Wall Street Zen upgraded shares of Niu Technologies (NASDAQ:NIU) from a strong sell rating to a sell rating in a research report sent to investors on Saturday,Wall Street Zen reports.

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

Niu Technologies Price Performance

Shares of NIU stock opened at $2.07 on Friday. The business has a 50-day moving average price of $2.22 and a two-hundred day moving average price of $2.56. Niu Technologies has a 12-month low of $1.79 and a 12-month high of $5.67. The firm has a market cap of $161.94 million, a P/E ratio of -5.45 and a beta of -0.18.

Niu Technologies (NASDAQ:NIU) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.38). The firm had revenue of $212.01 million during the quarter, compared to analysts’ expectations of $173.23 million. Niu Technologies had a negative return on equity of 24.20% and a negative net margin of 4.39%.

Institutional Inflows and Outflows

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

About Niu Technologies

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.