Renaissance Technologies LLC Purchases 66,100 Shares of Niu Technologies (NASDAQ:NIU)

Renaissance Technologies LLC raised its position in Niu Technologies (NASDAQ:NIU) by 21.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 381,300 shares of the company’s stock after buying an additional 66,100 shares during the quarter. Renaissance Technologies LLC owned about 0.49% of Niu Technologies worth $683,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in Niu Technologies in the 4th quarter worth about $31,000. American Century Companies Inc. increased its stake in shares of Niu Technologies by 438.6% in the fourth quarter. American Century Companies Inc. now owns 87,804 shares of the company’s stock worth $157,000 after purchasing an additional 71,501 shares in the last quarter. Finally, Green Alpha Advisors LLC raised its position in shares of Niu Technologies by 35.6% in the fourth quarter. Green Alpha Advisors LLC now owns 137,752 shares of the company’s stock valued at $247,000 after purchasing an additional 36,180 shares during the period. Hedge funds and other institutional investors own 75.06% of the company’s stock.

Niu Technologies Trading Up 2.6 %

Niu Technologies stock opened at $3.54 on Friday. The firm has a 50 day simple moving average of $3.22 and a 200 day simple moving average of $2.43. Niu Technologies has a 1-year low of $1.65 and a 1-year high of $4.90. The firm has a market capitalization of $274.56 million, a price-to-earnings ratio of -8.05 and a beta of -0.01.

Niu Technologies (NASDAQ:NIU) last announced its quarterly earnings results on Monday, March 17th. The company reported ($0.13) earnings per share for the quarter. The company had revenue of $112.23 million during the quarter. Niu Technologies had a negative net margin of 8.53% and a negative return on equity of 24.22%.

Niu Technologies Profile

Niu Technologies designs, manufactures, and sells electric scooters in the People’s Republic of China, Europe, and internationally. The company offers RQi, NQi, MQi, SQi, UQi, F, and Gova series smart electric scooters, motorcycles, mopeds, and bicycles; KQi series kick-scooters; BQi series e-bikes; and Niu Aero Sports Bicycles.