Research analysts at Piper Jaffray Companies initiated coverage on shares of Niu Technologies (NASDAQ:NIU) in a research report issued on Tuesday, MarketBeat reports. The brokerage set an “overweight” rating and a $13.00 price target on the stock. Piper Jaffray Companies’ price objective suggests a potential upside of 54.21% from the stock’s current price. Piper Jaffray Companies also issued estimates for Niu Technologies’ Q4 2019 earnings at $0.06 EPS, FY2019 earnings at $0.32 EPS, Q1 2020 earnings at $0.06 EPS, Q2 2020 earnings at $0.13 EPS, Q3 2020 earnings at $0.18 EPS, Q4 2020 earnings at $0.11 EPS, FY2020 earnings at $0.48 EPS and FY2021 earnings at $0.67 EPS.
Separately, ValuEngine upgraded shares of Niu Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday.
Shares of NASDAQ:NIU opened at $8.43 on Tuesday. The company’s 50 day moving average price is $9.17 and its two-hundred day moving average price is $7.82. Niu Technologies has a 12-month low of $5.33 and a 12-month high of $13.60. The firm has a market cap of $627.42 million, a PE ratio of 52.82 and a beta of 0.48.
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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