Niu Technologies (NASDAQ:NIU) Shares Down 2.6% – What’s Next?

Niu Technologies (NASDAQ:NIU)’s stock price traded down 2.6% during mid-day trading on Tuesday . The company traded as low as $1.90 and last traded at $1.90. 251,980 shares were traded during trading, an increase of 83% from the average daily volume of 137,737 shares. The stock had previously closed at $1.95.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NIU. Wall Street Zen cut Niu Technologies from a “hold” rating to a “strong sell” rating in a report on Saturday, August 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Niu Technologies in a research report on Thursday, June 18th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $3.50.

Niu Technologies Stock Up 1.0%

The company has a market capitalization of $161.94 million, a P/E ratio of -5.45 and a beta of -0.18. The company has a 50-day moving average of $2.22 and a two-hundred day moving average of $2.63.

Niu Technologies (NASDAQ:NIU) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.38). Niu Technologies had a negative return on equity of 24.20% and a negative net margin of 4.39%.The firm had revenue of $212.01 million during the quarter, compared to the consensus estimate of $173.23 million.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio grew its holdings in Niu Technologies by 9.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 50,835 shares of the company’s stock worth $154,000 after purchasing an additional 4,477 shares during the period. Sei Investments Co. lifted its holdings in shares of Niu Technologies by 75.5% during the third quarter. Sei Investments Co. now owns 20,979 shares of the company’s stock valued at $98,000 after purchasing an additional 9,028 shares during the last quarter. Quarry LP purchased a new position in shares of Niu Technologies during the fourth quarter valued at approximately $27,000. SmartHarvest Portfolios LLC bought a new stake in shares of Niu Technologies in the 1st quarter worth approximately $36,000. Finally, Nomura Holdings Inc. bought a new stake in shares of Niu Technologies in the 2nd quarter worth approximately $51,000. 75.06% of the stock is owned by hedge funds and other institutional investors.

Niu Technologies Company Profile

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.