Assenagon Asset Management S.A. bought a new position in shares of Niu Technologies (NASDAQ:NIU - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NIU. Headlands Technologies LLC bought a new position in Niu Technologies during the 4th quarter valued at $31,000. Marshall Wace LLP acquired a new stake in shares of Niu Technologies in the fourth quarter valued at $42,000. American Century Companies Inc. boosted its stake in Niu Technologies by 438.6% during the fourth quarter. American Century Companies Inc. now owns 87,804 shares of the company's stock valued at $157,000 after buying an additional 71,501 shares in the last quarter. Barclays PLC grew its holdings in Niu Technologies by 285.1% during the fourth quarter. Barclays PLC now owns 128,039 shares of the company's stock worth $230,000 after acquiring an additional 94,794 shares during the period. Finally, Two Sigma Investments LP grew its holdings in Niu Technologies by 27.6% during the fourth quarter. Two Sigma Investments LP now owns 170,920 shares of the company's stock worth $306,000 after acquiring an additional 37,008 shares during the period. Institutional investors own 75.06% of the company's stock.
Niu Technologies Stock Performance
NASDAQ NIU traded up $0.15 on Thursday, reaching $3.88. The company's stock had a trading volume of 2,052,751 shares, compared to its average volume of 750,355. Niu Technologies has a twelve month low of $1.65 and a twelve month high of $4.90. The firm's 50 day moving average is $3.43 and its two-hundred day moving average is $2.75. The stock has a market cap of $302.33 million, a PE ratio of -12.52 and a beta of -0.20.
Niu Technologies (NASDAQ:NIU - Get Free Report) last released its earnings results on Monday, May 19th. The company reported ($0.07) EPS for the quarter. The business had revenue of $93.98 million during the quarter. Niu Technologies had a negative return on equity of 18.41% and a negative net margin of 5.10%.
Niu Technologies Company Profile
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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.
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