Niu Technologies (NASDAQ:NIU) Upgraded by Wall Street Zen to “Buy” Rating

Niu Technologies (NASDAQ:NIU) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Niu Technologies in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Niu Technologies Stock Performance

Shares of NIU opened at $3.21 on Friday. Niu Technologies has a 52 week low of $1.66 and a 52 week high of $5.67. The firm has a market cap of $250.12 million, a P/E ratio of -64.20 and a beta of -0.37. The firm’s 50-day simple moving average is $4.13 and its 200 day simple moving average is $3.99.

Niu Technologies (NASDAQ:NIU) last issued its quarterly earnings data on Monday, November 17th. The company reported $0.14 earnings per share (EPS) for the quarter. Niu Technologies had a negative net margin of 0.48% and a negative return on equity of 2.32%. The firm had revenue of $237.94 million during the quarter.

Institutional Investors Weigh In On Niu Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in NIU. Invesco Ltd. boosted its stake in shares of Niu Technologies by 2,836.0% in the second quarter. Invesco Ltd. now owns 1,238,505 shares of the company’s stock valued at $4,161,000 after buying an additional 1,196,322 shares during the period. Acadian Asset Management LLC increased its stake in Niu Technologies by 300.0% during the 2nd quarter. Acadian Asset Management LLC now owns 840,876 shares of the company’s stock worth $2,818,000 after acquiring an additional 630,653 shares during the period. Polunin Capital Partners Ltd raised its holdings in Niu Technologies by 36.3% in the 3rd quarter. Polunin Capital Partners Ltd now owns 1,460,883 shares of the company’s stock valued at $6,603,000 after acquiring an additional 388,821 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Niu Technologies during the 2nd quarter valued at $1,225,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Niu Technologies during the 2nd quarter valued at $1,207,000. 75.06% of the stock is currently owned by institutional investors and hedge funds.

About Niu Technologies

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.