Shares of Niu Technologies (NASDAQ:NIU - Get Free Report) fell 0.6% during mid-day trading on Thursday . The stock traded as low as $3.41 and last traded at $3.44. 383,309 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 787,685 shares. The stock had previously closed at $3.46.
Niu Technologies Price Performance
The company has a market capitalization of $262.59 million, a P/E ratio of -10.87 and a beta of -0.24. The firm has a fifty day moving average price of $3.55 and a 200-day moving average price of $2.94.
Niu Technologies (NASDAQ:NIU - Get Free Report) last released its earnings results on Monday, May 19th. The company reported ($0.07) earnings per share (EPS) for the quarter. The business 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%.
Hedge Funds Weigh In On Niu Technologies
Institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. raised its position in shares of Niu Technologies by 438.6% in the fourth quarter. American Century Companies Inc. now owns 87,804 shares of the company's stock worth $157,000 after buying an additional 71,501 shares in the last quarter. Headlands Technologies LLC bought a new stake in Niu Technologies during the fourth quarter valued at approximately $31,000. Renaissance Technologies LLC grew its stake in Niu Technologies by 21.0% in the 4th quarter. Renaissance Technologies LLC now owns 381,300 shares of the company's stock worth $683,000 after buying an additional 66,100 shares in the last quarter. Barclays PLC increased its holdings in shares of Niu Technologies by 285.1% in the 4th 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 last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Niu Technologies during the 4th quarter valued at $42,000. 75.06% of the stock is owned by institutional investors.
Niu Technologies Company Profile
(
Get 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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