Niu Technologies (NASDAQ:NIU) Rating Increased to Hold at ValuEngine

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Niu Technologies (NASDAQ:NIU) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Tuesday, ValuEngine reports.

Shares of NASDAQ:NIU opened at $8.66 on Tuesday. The company has a market capitalization of $667.55 million, a price-to-earnings ratio of 52.82 and a beta of 0.48. The firm’s 50 day simple moving average is $9.20 and its 200 day simple moving average is $7.83. Niu Technologies has a fifty-two week low of $5.33 and a fifty-two week high of $13.60.

Several large investors have recently made changes to their positions in the stock. State Street Corp acquired a new stake in shares of Niu Technologies in the 3rd quarter valued at approximately $104,000. Essex Investment Management Co. LLC acquired a new stake in Niu Technologies during the 3rd quarter worth approximately $1,347,000. Yiheng Capital LLC raised its holdings in Niu Technologies by 19.4% during the 2nd quarter. Yiheng Capital LLC now owns 3,533,619 shares of the company’s stock worth $20,884,000 after buying an additional 574,135 shares during the period. Marshall Wace LLP acquired a new stake in Niu Technologies during the 2nd quarter worth approximately $160,000. Finally, Morgan Stanley raised its holdings in Niu Technologies by 29.8% during the 2nd quarter. Morgan Stanley now owns 43,844 shares of the company’s stock worth $259,000 after buying an additional 10,054 shares during the period. Institutional investors and hedge funds own 8.95% 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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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