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.

Several institutional investors and hedge funds have recently modified their holdings of NIU. State Street Corp acquired a new position in shares of Niu Technologies during the 3rd quarter valued at $104,000. Essex Investment Management Co. LLC purchased a new stake in shares of Niu Technologies in the third quarter worth about $1,347,000. Yiheng Capital LLC grew its stake in shares of Niu Technologies by 19.4% in the second quarter. Yiheng Capital LLC now owns 3,533,619 shares of the company’s stock valued at $20,884,000 after buying an additional 574,135 shares in the last quarter. Marshall Wace LLP acquired a new position in Niu Technologies during the 2nd quarter worth approximately $160,000. Finally, Morgan Stanley boosted its holdings in Niu Technologies by 29.8% in the 2nd quarter. Morgan Stanley now owns 43,844 shares of the company’s stock worth $259,000 after acquiring an additional 10,054 shares during the period. 8.95% of the stock is currently owned by institutional investors and hedge funds.

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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