Niu Technologies (NASDAQ:NIU) Upgraded at Wall Street Zen

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 report on Monday, September 14th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Niu Technologies currently has an average rating of “Reduce” and an average target price of $3.50.

Niu Technologies Price Performance

Shares of NASDAQ NIU opened at $1.90 on Friday. Niu Technologies has a 12-month low of $1.79 and a 12-month high of $4.93. The company has a market capitalization of $148.64 million, a PE ratio of -5.00 and a beta of -0.23. The firm’s 50-day moving average is $2.03 and its two-hundred day moving average is $2.38.

Niu Technologies (NASDAQ:NIU) last released its quarterly 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 net margin of 4.39% and a negative return on equity of 24.20%. The business had revenue of $212.01 million during the quarter, compared to analyst estimates of $173.23 million.

Institutional Trading of Niu Technologies

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

About Niu Technologies

Niu Technologies is a China-based company that designs, manufactures and sells smart electric two-wheelers. Its product portfolio includes electric scooters, mopeds, motorcycles, bicycles and kick scooters, with models marketed under product families such as NQi, MQi, UQi, RQi and KQi. The company combines electric powertrains with connected-vehicle features, including mobile applications and systems designed to support vehicle monitoring, diagnostics and user services.

Founded in 2014, Niu has developed a direct-to-consumer and retail distribution model that serves customers in China and selected international markets.