Connor Clark & Lunn Investment Management Ltd. Acquires 131,453 Shares of Niu Technologies $NIU

Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Niu Technologies (NASDAQ:NIU) by 56.4% in the second quarter, Holdings Channel reports. The institutional investor owned 364,382 shares of the company’s stock after buying an additional 131,453 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Niu Technologies were worth $1,224,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Acadian Asset Management LLC boosted its stake in Niu Technologies by 1,611.5% during the first quarter. Acadian Asset Management LLC now owns 210,223 shares of the company’s stock valued at $851,000 after buying an additional 197,940 shares during the period. Headlands Technologies LLC boosted its stake in Niu Technologies by 375.3% in the first quarter. Headlands Technologies LLC now owns 83,456 shares of the company’s stock worth $340,000 after buying an additional 65,899 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft bought a new position in shares of Niu Technologies during the 1st quarter valued at $89,000. 75.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Niu Technologies in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Niu Technologies Trading Down 6.9%

Shares of NIU stock opened at $3.62 on Tuesday. The company’s fifty day moving average price is $4.37 and its 200-day moving average price is $3.99. The stock has a market cap of $282.07 million, a PE ratio of -13.92 and a beta of -0.24. Niu Technologies has a 12 month low of $1.66 and a 12 month high of $5.67.

Niu Technologies (NASDAQ:NIU) last issued its quarterly earnings results on Monday, November 17th. The company reported $0.14 earnings per share (EPS) for the quarter. Niu Technologies had a negative net margin of 3.85% and a negative return on equity of 15.68%.

Niu Technologies Profile

Niu Technologies designs, manufactures, and sells electric scooters in the People’s Republic of China, Europe, and internationally. The company offers RQi, NQi, MQi, SQi, UQi, F, and Gova series smart electric scooters, motorcycles, mopeds, and bicycles; KQi series kick-scooters; BQi series e-bikes; and Niu Aero Sports Bicycles.