Niu Technologies (NASDAQ:NIU) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Niu Technologies (NASDAQ:NIU) from a sell rating to a strong sell rating in a research note published on Sunday,Wall Street Zen reports.

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

Niu Technologies Stock Up 0.5%

Niu Technologies stock opened at $1.92 on Friday. The firm has a market cap of $150.20 million, a P/E ratio of -5.05 and a beta of -0.18. The business has a fifty day moving average of $2.16 and a two-hundred day moving average of $2.46. Niu Technologies has a twelve month low of $1.79 and a twelve month high of $5.67.

Niu Technologies (NASDAQ:NIU) last announced its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $173.23 million. Niu Technologies had a negative net margin of 4.39% and a negative return on equity of 24.20%.

Institutional Trading of Niu Technologies

A hedge fund recently bought a new stake in Niu Technologies stock. SmartHarvest Portfolios LLC bought a new stake in shares of Niu Technologies (NASDAQ:NIU) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,527 shares of the company’s stock, valued at approximately $36,000. 75.06% of the stock is currently owned by hedge funds and other institutional investors.

About Niu Technologies

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.