NIO (NYSE:NIO) Shares Down 3.6%

Shares of Nio Inc - (NYSE:NIO - Get Free Report) were down 3.6% during mid-day trading on Monday . The company traded as low as $3.93 and last traded at $3.96. Approximately 25,914,315 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 56,519,293 shares. The stock had previously closed at $4.11.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NIO shares. Jefferies Financial Group reduced their price objective on shares of NIO from $8.30 to $5.90 and set a "hold" rating for the company in a research report on Wednesday, March 6th. Mizuho reissued a "neutral" rating and set a $5.50 target price on shares of NIO in a research report on Monday, March 25th. Bank of America decreased their price target on shares of NIO from $7.50 to $6.50 and set a "neutral" rating for the company in a research note on Wednesday, March 6th. JPMorgan Chase & Co. dropped their price target on NIO from $5.00 to $4.80 and set an "underweight" rating on the stock in a research report on Wednesday, March 6th. Finally, Barclays reiterated an "underweight" rating and set a $4.00 price target (down previously from $5.00) on shares of NIO in a research note on Tuesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $8.43.

NIO Trading Down 5.4 %

The firm has a 50 day simple moving average of $5.33 and a 200 day simple moving average of $6.82. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.22. The firm has a market cap of $6.69 billion, a P/E ratio of -2.22 and a beta of 1.93.

NIO (NYSE:NIO - Get Free Report) last issued its earnings results on Tuesday, March 5th. The company reported ($2.81) EPS for the quarter, missing the consensus estimate of ($2.39) by ($0.42). NIO had a negative return on equity of 110.72% and a negative net margin of 38.09%. The company had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $18.16 billion. During the same quarter in the prior year, the business earned ($0.51) EPS. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts predict that Nio Inc - will post -1.26 EPS for the current fiscal year.

Institutional Trading of NIO

Several institutional investors and hedge funds have recently modified their holdings of the business. Sound Income Strategies LLC raised its holdings in shares of NIO by 3,333.3% in the 1st quarter. Sound Income Strategies LLC now owns 10,300 shares of the company's stock valued at $46,000 after acquiring an additional 10,000 shares in the last quarter. Strategic Planning Group LLC raised its holdings in shares of NIO by 23.8% in the 1st quarter. Strategic Planning Group LLC now owns 329,320 shares of the company's stock valued at $1,482,000 after acquiring an additional 63,400 shares in the last quarter. Ballentine Partners LLC purchased a new position in shares of NIO during the 1st quarter valued at about $107,000. International Assets Investment Management LLC raised its holdings in shares of NIO by 46.1% during the 1st quarter. International Assets Investment Management LLC now owns 26,820 shares of the company's stock valued at $124,000 after buying an additional 8,462 shares in the last quarter. Finally, First Affirmative Financial Network raised its holdings in shares of NIO by 26.4% during the 1st quarter. First Affirmative Financial Network now owns 13,256 shares of the company's stock valued at $60,000 after buying an additional 2,768 shares in the last quarter. Hedge funds and other institutional investors own 48.55% of the company's stock.

About NIO

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.