Niu Technologies (NASDAQ:NIU) Shares Down 2.6% – Here’s Why

Niu Technologies (NASDAQ:NIU)’s stock price was down 2.6% on Tuesday . The company traded as low as $1.90 and last traded at $1.90. 251,980 shares traded hands during trading, an increase of 83% from the average daily volume of 137,737 shares. The stock had previously closed at $1.95.

Analyst Ratings Changes

NIU has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Niu Technologies from a “hold” rating to a “strong sell” rating in a report on Saturday, August 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Niu Technologies in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $3.50.

Niu Technologies Stock Down 2.6%

The firm has a market cap of $148.64 million, a P/E ratio of -5.00 and a beta of -0.18. The firm’s fifty day moving average is $2.22 and its two-hundred day moving average is $2.64.

Niu Technologies (NASDAQ:NIU) last posted its earnings results on Monday, August 10th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.38). Niu Technologies had a negative return on equity of 24.20% and a negative net margin of 4.39%.The company had revenue of $212.01 million during the quarter, compared to analysts’ expectations of $173.23 million.

Institutional Trading of Niu Technologies

A number of hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio grew its position in shares of Niu Technologies by 9.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 50,835 shares of the company’s stock worth $154,000 after buying an additional 4,477 shares during the period. Sei Investments Co. increased its stake in shares of Niu Technologies by 75.5% in the 3rd quarter. Sei Investments Co. now owns 20,979 shares of the company’s stock worth $98,000 after acquiring an additional 9,028 shares in the last quarter. Quarry LP purchased a new position in Niu Technologies during the 4th quarter valued at about $27,000. SmartHarvest Portfolios LLC purchased a new position in Niu Technologies during the 1st quarter valued at about $36,000. Finally, Nomura Holdings Inc. bought a new stake in Niu Technologies during the second quarter worth about $51,000. Institutional investors own 75.06% of the company’s stock.

Niu Technologies Company Profile

Niu Technologies Co, Ltd., established in 2014 and headquartered in Beijing, is a leading designer and manufacturer of smart electric scooters and micro-mobility solutions. The company integrates Internet of Things (IoT) connectivity into its vehicles, enabling real-time monitoring of battery status, vehicle diagnostics, and location tracking through its proprietary mobile application. By leveraging lightweight materials and modular battery systems, Niu aims to deliver efficient urban transportation alternatives that reduce reliance on conventional gasoline-powered motorcycles and cars.

Niu’s product portfolio encompasses a range of electric scooters, motorcycles, and e-bikes marketed under its NQi, MQi, and UQi series.