BidaskClub Upgrades Niu Technologies to Buy

Niu Technologies logoNiu Technologies (NASDAQ:NIU) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, BidAskClub reports.

Several other research firms have also commented on NIU. CICC Research initiated coverage on shares of Niu Technologies in a research report on Wednesday, October 14th. They issued an “outperform” rating and a $31.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 price objective on shares of Niu Technologies in a research report on Friday, October 9th. Piper Sandler boosted their price objective on shares of Niu Technologies from $25.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, October 12th. Citigroup lowered shares of Niu Technologies from a “buy” rating to a “neutral” rating and set a $23.50 price objective on the stock. in a research report on Monday, August 17th. Finally, Zacks Investment Research upgraded shares of Niu Technologies from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Wednesday, August 19th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Niu Technologies currently has an average rating of “Buy” and an average target price of $28.94.

Shares of NASDAQ NIU opened at $31.24 on Thursday. The firm has a market capitalization of $2.33 billion, a P/E ratio of 111.57, a PEG ratio of 2.08 and a beta of 1.02. Niu Technologies has a one year low of $6.08 and a one year high of $34.02. The company’s fifty day moving average is $24.97 and its two-hundred day moving average is $18.04.

Niu Technologies (NASDAQ:NIU) last issued its earnings results on Monday, August 17th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.05 by $0.05. The company had revenue of $91.29 million for the quarter, compared to analyst estimates of $98.55 million. Niu Technologies had a net margin of 7.63% and a return on equity of 20.01%. As a group, equities research analysts forecast that Niu Technologies will post 0.42 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new position in shares of Niu Technologies during the 2nd quarter valued at about $126,000. Exane Derivatives acquired a new position in shares of Niu Technologies during the 2nd quarter valued at about $194,000. Envestnet Asset Management Inc. acquired a new position in shares of Niu Technologies during the 3rd quarter valued at about $205,000. Marshall Wace North America L.P. acquired a new position in shares of Niu Technologies during the 2nd quarter valued at about $227,000. Finally, Leap Investments LP acquired a new position in shares of Niu Technologies during the 2nd quarter valued at about $246,000. 18.26% of the stock is owned by hedge funds and other institutional investors.

Niu Technologies Company Profile

Niu Technologies designs, manufactures, and sells smart electric-scooters in the People’s Republic of China. The company offers NQi, MQi, UQi, and Gova series e-scooters; RQi and TQi series urban commuter electric motorcycles; and NIU Aero series professional mountain and road bicycles under the NIU brand name.

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