Niu Technologies (NASDAQ:NIU) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Niu Technologies (NASDAQ:NIUGet Rating) from a sell rating to a hold rating in a research report released on Wednesday, Zacks.com reports.

According to Zacks, “Niu Technologies is a provider of smart urban mobility solutions. It designs, manufactures and sells smart e-scooters. The company’s product portfolio consists of N, M and U with multiple models and specifications for consumer, delivery and sharing markets. Niu Technologies is based in Beijing, China. “

A number of other research analysts have also weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Niu Technologies in a research note on Thursday, April 14th. They issued a hold rating and a $10.50 price target on the stock. Citigroup decreased their price objective on shares of Niu Technologies from $39.00 to $35.00 and set a buy rating for the company in a research report on Tuesday, March 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $22.13.

Shares of NIU opened at $7.67 on Wednesday. Niu Technologies has a one year low of $6.70 and a one year high of $35.49. The firm has a market capitalization of $584.30 million, a P/E ratio of 17.43, a PEG ratio of 0.30 and a beta of 0.82. The business has a fifty day moving average of $9.24 and a 200 day moving average of $14.65.

Niu Technologies (NASDAQ:NIUGet Rating) last issued its earnings results on Monday, March 7th. The company reported $0.09 earnings per share (EPS) for the quarter. Niu Technologies had a return on equity of 19.78% and a net margin of 6.11%. The firm had revenue of $154.73 million for the quarter. On average, research analysts anticipate that Niu Technologies will post 0.69 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of NIU. Bank of America Corp DE raised its position in Niu Technologies by 886.7% during the second quarter. Bank of America Corp DE now owns 1,184 shares of the company’s stock valued at $38,000 after acquiring an additional 1,064 shares in the last quarter. Legacy Wealth Asset Management LLC acquired a new stake in Niu Technologies during the first quarter worth $98,000. SG Americas Securities LLC acquired a new stake in shares of Niu Technologies in the 3rd quarter valued at $123,000. Green Alpha Advisors LLC acquired a new stake in shares of Niu Technologies in the 1st quarter valued at $124,000. Finally, BNP Paribas Arbitrage SA acquired a new position in Niu Technologies during the 3rd quarter worth about $204,000.

Niu Technologies Company Profile (Get Rating)

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 electric scooters and motorcycles; KQi series electric kick-scooters; NIU Aero and BQi series e-bikes; RQi and TQi series high-performance motorcycles; and YQi series hybrid motorcycles.

See Also

Get a free copy of the Zacks research report on Niu Technologies (NIU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Niu Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Niu Technologies and related companies with MarketBeat.com's FREE daily email newsletter.