Niu Technologies Receives New Coverage from Analysts at CICC Research

(Ticker Report) – CICC Research started coverage on shares of Niu Technologies (NASDAQ:NIU) in a research note released on Wednesday morning, Benzinga reports. The firm issued an outperform rating and a $31.00 price objective on the stock.

NIU has been the topic of several other reports. Zacks Investment Research raised shares of Niu Technologies from a hold rating to a buy rating and set a $23.00 target price on the stock in a research report on Wednesday, August 19th. Piper Sandler lifted their price target on shares of Niu Technologies from $25.00 to $31.00 and gave the company an overweight rating in a research report on Monday.

Citigroup cut shares of Niu Technologies from a buy rating to a neutral rating and set a $23.50 target price on the stock. in a research report on Monday, August 17th. BidaskClub upgraded shares of Niu Technologies from a hold rating to a buy rating in a research note on Thursday, October 8th. Finally, Needham & Company LLC restated a buy rating and issued a $30.00 price target on shares of Niu Technologies in a research note on Friday, October 9th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Niu Technologies presently has a consensus rating of Buy and an average price target of $25.25.

NIU opened at $29.18 on Wednesday. The company’s 50 day simple moving average is $20.72 and its 200 day simple moving average is $15.49. Niu Technologies has a 1 year low of $6.08 and a 1 year high of $29.64. The stock has a market capitalization of $2.18 billion, a PE ratio of 104.21, a P/E/G ratio of 2.10 and a beta of 1.20.

Niu Technologies (NASDAQ:NIU) last released its earnings results on Monday, August 17th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.05. Niu Technologies had a net margin of 7.63% and a return on equity of 20.01%. The business had revenue of $91.29 million for the quarter, compared to analysts’ expectations of $98.55 million. On average, research analysts expect that Niu Technologies will post 0.34 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in NIU. Public Employees Retirement System of Ohio bought a new position in shares of Niu Technologies during the second quarter worth about $126,000. Envestnet Asset Management Inc. bought a new position in shares of Niu Technologies during the third quarter worth about $205,000. Exane Derivatives bought a new position in shares of Niu Technologies during the second quarter worth about $194,000.

Marshall Wace North America L.P. bought a new position in shares of Niu Technologies during the second quarter worth about $227,000. Finally, Leap Investments LP bought a new position in shares of Niu Technologies during the second quarter worth about $246,000. Hedge funds and other institutional investors own 18.26% of the company’s stock.

Niu Technologies Company Profile

Niu Technologies designs, manufactures, and sells smart e-scooters in the People’s Republic of China. It offers N, M, and U series e-scooters with various models or specifications under the NIU brand name. The company sells and services its products through city partner system, as well as through own online store and third-party e-commerce platforms.

Share: