Niu Technologies – (NASDAQ:NIU) has been given a consensus recommendation of “Buy” by the seven analysts that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $20.00.
A number of research analysts have issued reports on the stock. BidaskClub cut shares of Niu Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 16th. Piper Sandler raised their price objective on shares of Niu Technologies from $11.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, June 19th. Needham & Company LLC reissued a “buy” rating and set a $23.00 price objective on shares of Niu Technologies in a research note on Friday. TheStreet raised shares of Niu Technologies from a “d+” rating to a “c-” rating in a research note on Tuesday, April 28th. Finally, Zacks Investment Research cut shares of Niu Technologies from a “buy” rating to a “hold” rating in a research note on Saturday.
Shares of Niu Technologies stock opened at $21.02 on Friday. Niu Technologies has a 12-month low of $6.08 and a 12-month high of $25.88. The stock has a market cap of $1.56 billion, a PE ratio of 75.07, a price-to-earnings-growth ratio of 2.42 and a beta of 1.14. The company has a 50-day moving average of $17.73 and a two-hundred day moving average of $10.91.
Niu Technologies (NASDAQ:NIU) last issued its earnings results on Monday, May 18th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.03). Niu Technologies had a net margin of 7.79% and a return on equity of 20.72%. The company had revenue of $32.90 million during the quarter, compared to analysts’ expectations of $32.71 million. On average, research analysts predict that Niu Technologies will post 0.29 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in NIU. Exane Derivatives acquired a new stake in Niu Technologies during the second quarter worth approximately $194,000. State Street Corp boosted its holdings in shares of Niu Technologies by 104.3% in the 1st quarter. State Street Corp now owns 39,600 shares of the company’s stock valued at $276,000 after purchasing an additional 20,216 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in shares of Niu Technologies by 6.7% in the 1st quarter. Two Sigma Advisers LP now owns 41,300 shares of the company’s stock valued at $288,000 after purchasing an additional 2,600 shares during the last quarter. DNB Asset Management AS acquired a new position in shares of Niu Technologies in the 2nd quarter valued at $328,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Niu Technologies by 149.2% in the 4th quarter. Renaissance Technologies LLC now owns 197,717 shares of the company’s stock valued at $1,687,000 after purchasing an additional 118,367 shares during the last quarter. Hedge funds and other institutional investors own 14.43% of the company’s stock.
About Niu Technologies
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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