Wall Street Zen Upgrades Niu Technologies (NASDAQ:NIU) to Sell

by · The Markets Daily

Niu Technologies (NASDAQ:NIU – Get Free Report) was upgraded by analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Niu Technologies in a research note on Monday, September 14th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $3.50.

View Our Latest Report on Niu Technologies

Niu Technologies Price Performance

Niu Technologies stock opened at $2.07 on Friday. The stock has a market cap of $161.94 million, a PE ratio of -5.45 and a beta of -0.18. The stock’s fifty day moving average is $2.22 and its two-hundred day moving average is $2.55. Niu Technologies has a 1-year low of $1.79 and a 1-year high of $5.67.

Niu Technologies (NASDAQ:NIU – Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.38). Niu Technologies had a negative return on equity of 24.20% and a negative net margin of 4.39%.The business had revenue of $212.01 million for the quarter, compared to analyst estimates of $173.23 million.

Hedge Funds Weigh In On Niu Technologies

An institutional investor recently bought a new position in Niu Technologies stock. SmartHarvest Portfolios LLC bought a new position in shares of Niu Technologies (NASDAQ:NIU – Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,527 shares of the company’s stock, valued at approximately $36,000. Institutional investors and hedge funds own 75.06% of the company’s stock.

Niu Technologies Company Profile

(Get Free Report)

Niu Technologies is a China-based company that designs, manufactures and sells smart electric two-wheelers and related mobility products. Its portfolio includes electric scooters, mopeds, motorcycles and kick scooters marketed under the NIU brand. The company integrates connected technology into its vehicles, including mobile applications, onboard electronics and cloud-based systems designed to support functions such as vehicle monitoring, diagnostics, navigation and battery management.

Niu’s product families have included the NQi, MQi, UQi and RQi electric two-wheeler lines, as well as the KQi series of electric kick scooters.

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