Piper Jaffray Companies Initiates Coverage on Niu Technologies (NASDAQ:NIU)
Investment analysts at Piper Jaffray Companies started coverage on shares of Niu Technologies (NASDAQ:NIU) in a research report issued on Tuesday, The Fly reports. The firm set an “overweight” rating on the stock.
Separately, ValuEngine upgraded shares of Niu Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday.
Niu Technologies stock opened at $8.66 on Tuesday. The stock has a 50 day moving average of $9.20 and a two-hundred day moving average of $7.83. Niu Technologies has a twelve month low of $5.33 and a twelve month high of $13.60. The stock has a market capitalization of $667.55 million, a price-to-earnings ratio of 52.82 and a beta of 0.48.
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.
Further Reading: Cost of Goods Sold (COGS)
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