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

Wall Street Zen upgraded shares of Niu Technologies (NASDAQ:NIU) from a strong sell rating to a sell rating in a report issued on Saturday morning,Wall Street Zen reports.

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

Niu Technologies Price Performance

NASDAQ:NIU opened at $1.97 on Friday. The firm’s fifty day moving average price is $2.05 and its 200 day moving average price is $2.40. Niu Technologies has a 1-year low of $1.79 and a 1-year high of $5.21. The firm has a market cap of $154.11 million, a price-to-earnings ratio of -5.18 and a beta of -0.23.

Niu Technologies (NASDAQ:NIU) last released its earnings results 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). The business had revenue of $212.01 million for the quarter, compared to analyst estimates of $173.23 million. Niu Technologies had a negative return on equity of 24.20% and a negative net margin of 4.39%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Niu Technologies stock. Engineers Gate Manager LP bought a new stake in shares of Niu Technologies (NASDAQ:NIU) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 19,219 shares of the company’s stock, valued at approximately $39,000. 75.06% of the stock is owned by institutional investors and hedge funds.

Niu Technologies Company Profile

Niu Technologies is a China-based company that designs, manufactures and sells smart electric two-wheelers. Its product portfolio includes electric scooters, mopeds, motorcycles, bicycles and kick scooters, with models marketed under product families such as NQi, MQi, UQi, RQi and KQi. The company combines electric powertrains with connected-vehicle features, including mobile applications and systems designed to support vehicle monitoring, diagnostics and user services.

Founded in 2014, Niu has developed a direct-to-consumer and retail distribution model that serves customers in China and selected international markets.