Piper Jaffray Companies assumed coverage on shares of Niu Technologies (NASDAQ:NIU) in a research report report published on Tuesday morning, Benzinga reports. The brokerage issued an overweight rating and a $13.00 price target on the stock.
Separately, ValuEngine raised Niu Technologies from a sell rating to a hold rating in a research note on Tuesday.
NIU stock opened at $8.41 on Tuesday. Niu Technologies has a 12-month low of $5.33 and a 12-month high of $13.60. The company has a market cap of $667.55 million, a price-to-earnings ratio of 52.82 and a beta of 0.48. The company has a 50 day moving average of $9.18 and a two-hundred day moving average of $7.82.
About Niu Technologies
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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