Niu Technologies (NASDAQ:NIU) Receives $37.38 Average Price Target from Analysts

Niu Technologies (NASDAQ:NIU) has been given a consensus rating of “Hold” by the seven research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $37.38.

Several research firms have weighed in on NIU. UBS Group began coverage on Niu Technologies in a research report on Monday, August 9th. They set a “sell” rating and a $15.00 price target on the stock. Zacks Investment Research lowered Niu Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, October 19th.

Shares of NASDAQ:NIU traded up $0.65 during trading on Friday, hitting $21.00. 565,223 shares of the company were exchanged, compared to its average volume of 925,725. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 48.84, a P/E/G ratio of 1.40 and a beta of 0.82. Niu Technologies has a fifty-two week low of $19.16 and a fifty-two week high of $53.38. The firm has a fifty day moving average price of $24.81 and a two-hundred day moving average price of $27.58.

Niu Technologies (NASDAQ:NIU) last posted its quarterly earnings results on Sunday, November 21st. The company reported $1.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.79 by ($0.51). Niu Technologies had a return on equity of 22.23% and a net margin of 7.34%. During the same period last year, the business posted $0.15 EPS. As a group, sell-side analysts predict that Niu Technologies will post 0.62 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE boosted its stake in Niu Technologies by 886.7% in the 2nd quarter. Bank of America Corp DE now owns 1,184 shares of the company’s stock valued at $38,000 after purchasing an additional 1,064 shares during the period. Rockefeller Capital Management L.P. bought a new stake in Niu Technologies in the 2nd quarter valued at $48,000. Nkcfo LLC bought a new stake in Niu Technologies in the 2nd quarter valued at $98,000. SG Americas Securities LLC bought a new stake in Niu Technologies in the 3rd quarter valued at $123,000. Finally, Lazard Asset Management LLC bought a new stake in Niu Technologies in the 2nd quarter valued at $150,000. 32.32% of the stock is currently owned by institutional investors and hedge funds.

About Niu Technologies

Niu Technologies is a holding company, which engages in the provision of urban mobility solutions. It involves in the design, manufacture, and sale of electric bicycles and motorcycles. The company was founded by Wei Hua He, Yi Nan Li, Yi Lin Hu, Nelson Joseph, Cheng Dong Liu, and Yi Bong Zhang in September 2014 and is headquartered in Beijing, China.

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