Shares of Niu Technologies – (NASDAQ:NIU) have received a consensus broker rating score of 1.50 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation and one has given a strong buy recommendation to the company.
Analysts have set a 1-year consensus price objective of $14.80 for the company, according to Zacks. Zacks has also given Niu Technologies an industry rank of 178 out of 256 based on the ratings given to its competitors.
A number of institutional investors and hedge funds have recently modified their holdings of NIU. Yiheng Capital LLC acquired a new position in Niu Technologies in the fourth quarter valued at approximately $17,728,000. Hsbc Holdings PLC acquired a new position in shares of Niu Technologies during the fourth quarter worth approximately $1,428,000. Citigroup Inc. acquired a new position in shares of Niu Technologies during the fourth quarter worth approximately $486,000. Finally, Millennium Management LLC acquired a new position in shares of Niu Technologies during the fourth quarter worth approximately $324,000. 5.04% of the stock is currently owned by hedge funds and other institutional investors.
Niu Technologies (NASDAQ:NIU) last issued its quarterly earnings results on Monday, May 13th. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $52.93 million during the quarter.
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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