Zacks: Analysts Set $13.00 Price Target for Niu Technologies – (NASDAQ:NIU)

Niu Technologies – (NASDAQ:NIU) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating. Niu Technologies’ rating score has improved by 33.3% from 90 days ago as a result of a number of analysts’ ratings changes.

Brokerages have set a 1-year consensus price target of $13.00 for the company and are predicting that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Niu Technologies an industry rank of 214 out of 255 based on the ratings given to related companies.

NIU has been the topic of a number of recent analyst reports. Piper Jaffray Companies initiated coverage on shares of Niu Technologies in a report on Tuesday, December 3rd. They set an “overweight” rating and a $13.00 price target on the stock. ValuEngine raised shares of Niu Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd.

NIU stock traded up $0.11 during trading on Tuesday, hitting $8.50. 96,853 shares of the stock traded hands, compared to its average volume of 154,974. Niu Technologies has a 1 year low of $5.33 and a 1 year high of $13.60. The firm’s 50 day moving average is $8.51 and its two-hundred day moving average is $8.11. The stock has a market cap of $631.86 million, a price-to-earnings ratio of -6.12 and a beta of 0.43.

Niu Technologies (NASDAQ:NIU) last announced its quarterly earnings data on Monday, November 25th. The company reported $0.12 EPS for the quarter. The company had revenue of $91.56 million for the quarter. Niu Technologies had a net margin of 4.88% and a return on equity of 15.23%. As a group, equities research analysts anticipate that Niu Technologies will post 0.32 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp purchased a new stake in shares of Niu Technologies during the 3rd quarter valued at about $104,000. Marshall Wace LLP purchased a new stake in shares of Niu Technologies during the 2nd quarter valued at about $160,000. Morgan Stanley boosted its holdings in shares of Niu Technologies by 29.8% during the 2nd quarter. Morgan Stanley now owns 43,844 shares of the company’s stock valued at $259,000 after acquiring an additional 10,054 shares during the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of Niu Technologies during the 3rd quarter valued at about $1,347,000. Finally, Yiheng Capital LLC boosted its holdings in shares of Niu Technologies by 19.4% during the 2nd quarter. Yiheng Capital LLC now owns 3,533,619 shares of the company’s stock valued at $20,884,000 after acquiring an additional 574,135 shares during the last quarter. 8.92% of the stock is currently owned by hedge funds and other institutional investors.

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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