Assenagon Asset Management S.A. acquired a new stake in Niu Technologies (NASDAQ:NIU - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 141,736 shares of the company's stock, valued at approximately $578,000. Assenagon Asset Management S.A. owned approximately 0.18% of Niu Technologies at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the company. Headlands Technologies LLC purchased a new stake in Niu Technologies during the 4th quarter worth $31,000. Marshall Wace LLP acquired a new position in shares of Niu Technologies during the fourth quarter worth about $42,000. American Century Companies Inc. lifted its stake in shares of Niu Technologies by 438.6% during the fourth quarter. American Century Companies Inc. now owns 87,804 shares of the company's stock worth $157,000 after purchasing an additional 71,501 shares in the last quarter. Barclays PLC boosted its position in shares of Niu Technologies by 285.1% in the fourth quarter. Barclays PLC now owns 128,039 shares of the company's stock worth $230,000 after buying an additional 94,794 shares during the period. Finally, Two Sigma Investments LP grew its stake in shares of Niu Technologies by 27.6% in the fourth quarter. Two Sigma Investments LP now owns 170,920 shares of the company's stock valued at $306,000 after buying an additional 37,008 shares in the last quarter. Hedge funds and other institutional investors own 75.06% of the company's stock.
Niu Technologies Stock Performance
Shares of NASDAQ:NIU traded down $0.37 during mid-day trading on Friday, hitting $3.51. 5,251,031 shares of the company traded hands, compared to its average volume of 773,132. The firm has a market cap of $273.51 million, a P/E ratio of -11.32 and a beta of -0.20. Niu Technologies has a 52-week low of $1.65 and a 52-week high of $4.90. The firm's 50 day simple moving average is $3.46 and its 200 day simple moving average is $2.78.
Niu Technologies (NASDAQ:NIU - Get Free Report) last issued its quarterly earnings data on Monday, May 19th. The company reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $93.98 million during the quarter. Niu Technologies had a negative net margin of 5.10% and a negative return on equity of 18.41%.
Niu Technologies Profile
(
Free Report)
Niu Technologies designs, manufactures, and sells electric scooters in the People's Republic of China, Europe, and internationally. The company offers RQi, NQi, MQi, SQi, UQi, F, and Gova series smart electric scooters, motorcycles, mopeds, and bicycles; KQi series kick-scooters; BQi series e-bikes; and Niu Aero Sports Bicycles.
Featured Stories
Before you consider Niu Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Niu Technologies wasn't on the list.
While Niu Technologies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
