Niu Technologies (NASDAQ:NIU) Stock Price Up 3% – Time to Buy?

Niu Technologies (NASDAQ:NIU)’s stock price traded up 3% during mid-day trading on Wednesday . The stock traded as high as $2.08 and last traded at $2.07. 196,319 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 507,577 shares. The stock had previously closed at $2.01.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NIU. Weiss Ratings restated a “sell (d-)” rating on shares of Niu Technologies in a report on Thursday, June 18th. Wall Street Zen cut Niu Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Citigroup decreased their price objective on Niu Technologies from $3.70 to $3.50 and set a “neutral” rating on the stock in a report on Tuesday, March 17th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Niu Technologies has a consensus rating of “Reduce” and an average price target of $3.50.

Niu Technologies Price Performance

The firm’s 50 day moving average price is $2.53 and its 200 day moving average price is $2.98. The stock has a market capitalization of $161.94 million, a P/E ratio of -11.50 and a beta of -0.13.

Niu Technologies (NASDAQ:NIU) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.23). Niu Technologies had a negative net margin of 2.17% and a negative return on equity of 10.85%. The business had revenue of $131.92 million for the quarter, compared to analysts’ expectations of $133.02 million.

Hedge Funds Weigh In On Niu Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio increased its stake in shares of Niu Technologies by 9.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 50,835 shares of the company’s stock worth $154,000 after acquiring an additional 4,477 shares in the last quarter. Sei Investments Co. lifted its position in Niu Technologies by 75.5% in the 3rd quarter. Sei Investments Co. now owns 20,979 shares of the company’s stock valued at $98,000 after acquiring an additional 9,028 shares in the last quarter. Quarry LP purchased a new stake in shares of Niu Technologies during the fourth quarter valued at $27,000. SmartHarvest Portfolios LLC purchased a new stake in shares of Niu Technologies during the 1st quarter valued at about $36,000. Finally, Nomura Holdings Inc. bought a new stake in Niu Technologies in the 2nd quarter worth approximately $51,000. Institutional investors own 75.06% of the company’s stock.

About Niu Technologies

Niu Technologies Co, Ltd., established in 2014 and headquartered in Beijing, is a leading designer and manufacturer of smart electric scooters and micro-mobility solutions. The company integrates Internet of Things (IoT) connectivity into its vehicles, enabling real-time monitoring of battery status, vehicle diagnostics, and location tracking through its proprietary mobile application. By leveraging lightweight materials and modular battery systems, Niu aims to deliver efficient urban transportation alternatives that reduce reliance on conventional gasoline-powered motorcycles and cars.

Niu’s product portfolio encompasses a range of electric scooters, motorcycles, and e-bikes marketed under its NQi, MQi, and UQi series.