Niu Technologies (NASDAQ:NIU) Upgraded to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Niu Technologies from “strong sell” to “sell,” while Weiss Ratings reaffirmed a “sell (D-)” rating. Analysts’ average rating is “Reduce,” with a consensus price target of $3.50.
• Niu shares opened at $2.07, near the lower end of their 12-month range of $1.79 to $5.67. The company has a market capitalization of approximately $161.9 million and remains unprofitable.
• In its latest quarter, Niu reported a $0.19 per-share loss, missing estimates by $0.38, although revenue of $212.0 million exceeded expectations of $173.2 million. Institutional investors own about 75.1% of the stock.

Niu Technologies (NASDAQ:NIU - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a research report issued to clients and 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. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Niu Technologies currently has an average rating of "Reduce" and a consensus target price of $3.50.

Niu Technologies Price Performance

NIU stock opened at $2.07 on Friday. The stock has a 50-day simple moving average of $2.22 and a two-hundred day simple moving average of $2.56. Niu Technologies has a twelve month low of $1.79 and a twelve month high of $5.67. The firm has a market capitalization of $161.94 million, a PE ratio of -5.45 and a beta of -0.18.

Niu Technologies (NASDAQ:NIU - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.38). The firm had revenue of $212.01 million during the quarter, compared to analysts' expectations of $173.23 million. Niu Technologies had a negative return on equity of 24.20% and a negative net margin of 4.39%.

Hedge Funds Weigh In On Niu Technologies

An institutional investor recently bought a new stake in Niu Technologies stock. Engineers Gate Manager LP acquired a new stake in shares of Niu Technologies (NASDAQ:NIU - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 19,219 shares of the company's stock, valued at approximately $39,000. 75.06% of the stock is currently owned by institutional investors and hedge funds.

About Niu Technologies

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.

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