Niu Technologies (NASDAQ:NIU) Upgraded by ValuEngine to Hold

ValuEngine upgraded shares of Niu Technologies (NASDAQ:NIU) from a sell rating to a hold rating in a research note released on Tuesday morning, ValuEngine reports.

NIU stock opened at $8.41 on Tuesday. The business has a 50-day moving average price of $9.18 and a 200 day moving average price of $7.82. The company has a market capitalization of $667.55 million, a P/E ratio of 52.82 and a beta of 0.48. Niu Technologies has a 1-year low of $5.33 and a 1-year high of $13.60.

Institutional investors have recently modified their holdings of the business. State Street Corp bought a new stake in Niu Technologies during the 3rd quarter valued at $104,000. Essex Investment Management Co. LLC purchased a new stake in shares of Niu Technologies during the third quarter valued at about $1,347,000. Yiheng Capital LLC lifted its position in shares of Niu Technologies by 19.4% during 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 shares of Niu Technologies during the second quarter valued at about $160,000. Finally, Morgan Stanley boosted its holdings in shares of Niu Technologies by 29.8% in the 2nd quarter. Morgan Stanley now owns 43,844 shares of the company’s stock valued at $259,000 after buying an additional 10,054 shares in the last quarter. Institutional investors own 8.95% of the company’s stock.

About Niu Technologies

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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