Niu Technologies – (NASDAQ:NIU)’s share price shot up 27.4% during mid-day trading on Monday . The company traded as high as $13.60 and last traded at $13.44. 869,612 shares traded hands during trading, an increase of 836% from the average session volume of 92,943 shares. The stock had previously closed at $10.55.

Separately, Needham & Company LLC set a $12.00 price objective on Niu Technologies and gave the company a “buy” rating in a report on Tuesday, March 19th.

Niu Technologies (NASDAQ:NIU) last posted its quarterly earnings data on Monday, March 18th. The company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $62.18 million during the quarter.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Yiheng Capital LLC bought a new stake in Niu Technologies during the 4th quarter valued at $17,728,000. Hsbc Holdings PLC bought a new stake in Niu Technologies during the 4th quarter valued at $1,428,000. Citigroup Inc. bought a new stake in Niu Technologies during the 4th quarter valued at $486,000. Dean Capital Investments Management LLC bought a new stake in Niu Technologies during the 4th quarter valued at $486,000. Finally, Millennium Management LLC bought a new stake in Niu Technologies during the 4th quarter valued at $324,000. Institutional investors own 5.02% of the company’s stock.

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Niu Technologies Company Profile (NASDAQ:NIU)

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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