Wall Street Zen Upgrades Niu Technologies (NASDAQ:NIU) to Sell

Niu Technologies (NASDAQ:NIU) was upgraded by research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday, Wall Street Zen reports.

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

Niu Technologies Stock Performance

Shares of NIU stock opened at $1.97 on Friday. Niu Technologies has a 12-month low of $1.79 and a 12-month high of $5.21. The firm’s 50 day moving average is $2.05 and its 200 day moving average is $2.39. The stock has a market capitalization of $154.11 million, a P/E ratio of -5.18 and a beta of -0.23.

Niu Technologies (NASDAQ:NIU) last posted its earnings results on Monday, August 10th. The company reported ($0.19) 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 the consensus estimate of $173.23 million. Niu Technologies had a negative return on equity of 24.20% and a negative net margin of 4.39%.

Institutional Investors Weigh In On Niu Technologies

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

About Niu Technologies

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.