Niu Technologies (NASDAQ:NIU) Upgraded 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 research report sent to investors on Saturday morning,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 research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $3.50.

Niu Technologies Trading Down 0.5%

Shares of NASDAQ NIU opened at $2.06 on Friday. The stock has a market cap of $161.15 million, a PE ratio of -5.42 and a beta of -0.18. Niu Technologies has a 12-month low of $1.79 and a 12-month high of $5.67. The company has a 50-day moving average of $2.21 and a 200 day moving average of $2.54.

Niu Technologies (NASDAQ:NIU) last issued 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). Niu Technologies had a negative net margin of 4.39% and a negative return on equity of 24.20%. The company had revenue of $212.01 million during the quarter, compared to analysts’ expectations of $173.23 million.

Institutional Trading of Niu Technologies

An institutional investor recently bought a new stake in Niu Technologies stock. SmartHarvest Portfolios LLC bought a new position in shares of Niu Technologies (NASDAQ:NIU) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 12,527 shares of the company’s stock, valued at approximately $36,000. Institutional investors own 75.06% of the company’s stock.

Niu Technologies Company Profile

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.