Niu Technologies (NASDAQ:NIU) Lowered to “Strong Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Niu Technologies (NASDAQ:NIU) from a hold rating to a strong sell rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Niu Technologies in a research note on Thursday, June 18th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Niu Technologies currently has a consensus rating of “Reduce” and a consensus price target of $3.50.

Niu Technologies Stock Down 1.4%

NIU stock opened at $2.08 on Friday. The business has a 50 day moving average price of $2.28 and a two-hundred day moving average price of $2.80. The company has a market cap of $162.72 million, a price-to-earnings ratio of -5.47 and a beta of -0.14. Niu Technologies has a twelve month low of $1.92 and a twelve month high of $5.67.

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

Hedge Funds Weigh In On Niu Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the company. Invesco Ltd. lifted its holdings in Niu Technologies by 101.4% during the 4th quarter. Invesco Ltd. now owns 3,649,665 shares of the company’s stock worth $11,058,000 after purchasing an additional 1,837,089 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in Niu Technologies in the 2nd quarter worth about $1,225,000. Qube Research & Technologies Ltd bought a new stake in Niu Technologies in the 2nd quarter valued at about $1,207,000. Renaissance Technologies LLC boosted its holdings in Niu Technologies by 85.4% in the 4th quarter. Renaissance Technologies LLC now owns 544,400 shares of the company’s stock valued at $1,650,000 after purchasing an additional 250,800 shares during the period. Finally, Acadian Asset Management LLC grew its position in shares of Niu Technologies by 1,611.5% during the 1st quarter. Acadian Asset Management LLC now owns 210,223 shares of the company’s stock worth $851,000 after purchasing an additional 197,940 shares in the last quarter. Institutional investors and hedge funds own 75.06% of the company’s stock.

Niu Technologies Company Profile

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.