Niu Technologies (NASDAQ:NIU) Downgraded by ValuEngine to Sell

Niu Technologies (NASDAQ:NIU) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday, ValuEngine reports.

Shares of NIU stock remained flat at $$9.13 during trading hours on Monday. The stock had a trading volume of 54,386 shares, compared to its average volume of 177,472. Niu Technologies has a 1-year low of $5.33 and a 1-year high of $13.60. The stock has a market cap of $709.92 million and a PE ratio of 318.33. The firm has a 50-day moving average price of $8.52 and a two-hundred day moving average price of $7.96.

Niu Technologies (NASDAQ:NIU) last issued its quarterly earnings results on Friday, August 23rd. The company reported $0.10 earnings per share for the quarter. Niu Technologies had a return on equity of 8.49% and a net margin of 1.61%. The business had revenue of $77.28 million for the quarter.

Hedge funds have recently modified their holdings of the company. Yiheng Capital LLC boosted its position in Niu Technologies by 19.4% in the second quarter. Yiheng Capital LLC now owns 3,533,619 shares of the company’s stock valued at $20,884,000 after buying an additional 574,135 shares during the last quarter. Marshall Wace LLP purchased a new stake in Niu Technologies in the second quarter valued at approximately $160,000. Morgan Stanley boosted its position in Niu Technologies by 29.8% in the second quarter. Morgan Stanley now owns 43,844 shares of the company’s stock valued at $259,000 after buying an additional 10,054 shares during the last quarter. Elephas Investment Management Ltd purchased a new stake in Niu Technologies in the second quarter valued at approximately $135,000. Finally, Stevens Capital Management LP purchased a new stake in Niu Technologies in the second quarter valued at approximately $106,000. Institutional investors and hedge funds own 7.79% of the company’s stock.

Niu Technologies Company Profile

Niu Technologies designs, manufactures, and sells smart e-scooters in the People's Republic of China. It offers N, M, and U series e-scooters with various models or specifications under the NIU brand name. The company sells and services its products through city partner system, as well as through own online store and third-party e-commerce platforms.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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