Niu Technologies (NASDAQ:NIU) Stock Rating Upgraded by ValuEngine

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Niu Technologies (NASDAQ:NIU) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Saturday, ValuEngine reports.

Other equities analysts also recently issued reports about the company. Piper Jaffray Companies initiated coverage on Niu Technologies in a research report on Tuesday, December 3rd. They set an “overweight” rating and a $13.00 price objective for the company. BidaskClub upgraded Niu Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, March 3rd.

Shares of NIU opened at $6.57 on Friday. Niu Technologies has a 1 year low of $5.33 and a 1 year high of $13.60. The company has a market capitalization of $510.70 million, a price-to-earnings ratio of 18.77 and a beta of 0.42. The business has a 50-day moving average of $8.69 and a 200-day moving average of $8.73.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oxford Asset Management LLP acquired a new stake in Niu Technologies during the fourth quarter worth approximately $92,000. State Street Corp acquired a new stake in Niu Technologies during the third quarter worth approximately $104,000. DekaBank Deutsche Girozentrale acquired a new stake in Niu Technologies during the fourth quarter worth approximately $1,465,000. Renaissance Technologies LLC grew its stake in Niu Technologies by 149.2% during the fourth quarter. Renaissance Technologies LLC now owns 197,717 shares of the company’s stock worth $1,687,000 after purchasing an additional 118,367 shares during the period. Finally, IDG Accel China Growth Fund III Associates L.P. acquired a new stake in Niu Technologies during the fourth quarter worth approximately $2,987,000. 13.05% of the stock is owned by institutional investors and hedge funds.

Niu Technologies Company Profile

Niu Technologies designs, manufactures, and sells smart e-scooters in the People's Republic of China. It offers N, M, and U series e-scooters with various models or specifications under the NIU brand name. The company sells and services its products through city partner system, as well as through own online store and third-party e-commerce platforms.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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