Quadrature Capital Ltd Makes New $57,000 Investment in Niu Technologies (NASDAQ:NIU)

Quadrature Capital Ltd purchased a new stake in shares of Niu Technologies (NASDAQ:NIU) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 24,789 shares of the company’s stock, valued at approximately $57,000.

A number of other hedge funds have also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Niu Technologies during the 2nd quarter valued at about $907,000. Assenagon Asset Management S.A. acquired a new position in Niu Technologies in the third quarter worth $32,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Niu Technologies by 35.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 118,124 shares of the company’s stock worth $272,000 after acquiring an additional 31,012 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Niu Technologies during the second quarter worth $76,000. Finally, Renaissance Technologies LLC increased its holdings in Niu Technologies by 2.6% in the second quarter. Renaissance Technologies LLC now owns 305,000 shares of the company’s stock valued at $531,000 after purchasing an additional 7,800 shares during the last quarter. 75.06% of the stock is owned by institutional investors and hedge funds.

Niu Technologies Price Performance

Shares of Niu Technologies stock opened at $1.87 on Friday. Niu Technologies has a 1 year low of $1.57 and a 1 year high of $3.50. The business has a 50-day moving average of $2.20 and a two-hundred day moving average of $2.03. The company has a market capitalization of $145.04 million, a P/E ratio of -4.25 and a beta of 0.46.

About Niu Technologies

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.