Niu Technologies – (NASDAQ:NIU) Receives Average Recommendation of “Strong Buy” from Brokerages
Shares of Niu Technologies – (NASDAQ:NIU) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation. Niu Technologies’ rating score has improved by 33.3% in the last three months as a result of various analysts’ ratings changes.
Analysts have set a 1-year consensus target price of $13.00 for the company and are expecting that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also given Niu Technologies an industry rank of 143 out of 255 based on the ratings given to related companies.
Several research firms recently weighed in on NIU. Piper Jaffray Companies initiated coverage on Niu Technologies in a research report on Tuesday, December 3rd. They set an “overweight” rating and a $13.00 target price on the stock. ValuEngine upgraded Niu Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd.
NIU stock opened at $8.50 on Friday. The stock has a market capitalization of $631.86 million, a P/E ratio of -6.12 and a beta of 0.48. Niu Technologies has a one year low of $5.33 and a one year high of $13.60. The company has a 50 day moving average price of $9.15 and a two-hundred day moving average price 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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