Niu Technologies (NASDAQ:NIU) Downgraded by Wall Street Zen to "Strong Sell"

Key Points

• Wall Street Zen downgraded Niu Technologies to “Strong Sell” from “Hold,” while Weiss Ratings maintained a “Sell (D-)” rating. MarketBeat reports a consensus rating of “Reduce” and an average price target of $3.50.
• Niu shares opened at $2.08, near the bottom of their $1.92–$5.67 52-week range, with the stock trading below both its 50-day and 200-day moving averages.
• The company reported a quarterly loss of $0.19 per share, missing estimates by $0.38, although revenue of $212.01 million exceeded the $173.23 million consensus forecast. Hedge funds and other institutional investors own approximately 75.06% of the stock.

Niu Technologies (NASDAQ:NIU - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "strong sell" rating in a research note issued on Saturday.

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Niu Technologies in a research note on Thursday, June 18th. 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 MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $3.50.

Niu Technologies Stock Performance

Shares of Niu Technologies stock opened at $2.08 on Friday. The stock has a market capitalization of $162.71 million, a P/E ratio of -5.47 and a beta of -0.14. Niu Technologies has a 52-week low of $1.92 and a 52-week high of $5.67. The stock's 50-day simple moving average is $2.28 and its 200 day simple moving average is $2.80.

Niu Technologies (NASDAQ:NIU - Get Free Report) last issued its earnings results on Monday, August 10th. The company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.38). The business had revenue of $212.01 million for 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

Institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP purchased a new position in Niu Technologies during the fourth quarter valued at approximately $27,000. SmartHarvest Portfolios LLC bought a new position in Niu Technologies in the 1st quarter valued at $36,000. Sei Investments Co. purchased a new position in shares of Niu Technologies during the 2nd quarter valued at $40,000. Quadrature Capital Ltd purchased a new position in shares of Niu Technologies during the 4th quarter valued at $47,000. Finally, Nomura Holdings Inc. bought a new position in shares of Niu Technologies in the second quarter worth $51,000. 75.06% of the stock is owned by hedge funds and other institutional investors.

About Niu Technologies

Niu Technologies Co, Ltd., established in 2014 and headquartered in Beijing, is a leading designer and manufacturer of smart electric scooters and micro-mobility solutions. The company integrates Internet of Things (IoT) connectivity into its vehicles, enabling real-time monitoring of battery status, vehicle diagnostics, and location tracking through its proprietary mobile application. By leveraging lightweight materials and modular battery systems, Niu aims to deliver efficient urban transportation alternatives that reduce reliance on conventional gasoline-powered motorcycles and cars.

Niu's product portfolio encompasses a range of electric scooters, motorcycles, and e-bikes marketed under its NQi, MQi, and UQi series.

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