Niu Technologies (NASDAQ:NIU) Upgraded to “Strong-Buy” at BidaskClub

BidaskClub upgraded shares of Niu Technologies (NASDAQ:NIU) from a buy rating to a strong-buy rating in a report published on Wednesday morning, BidAskClub reports.

A number of other equities analysts have also recently commented on NIU. Piper Sandler boosted their price target on Niu Technologies from $25.00 to $31.00 and gave the stock an overweight rating in a report on Monday, October 12th. CICC Research began coverage on shares of Niu Technologies in a report on Wednesday, October 14th. They issued an outperform rating and a $31.00 target price for the company. Citigroup lowered shares of Niu Technologies from a buy rating to a neutral rating and set a $23.50 price target on the stock. in a report on Monday, August 17th. Zacks Investment Research raised shares of Niu Technologies from a hold rating to a buy rating and set a $23.00 price objective for the company in a research note on Wednesday, August 19th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $30.00 target price on shares of Niu Technologies in a research note on Friday, October 9th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $25.25.

Shares of Niu Technologies stock opened at $27.35 on Wednesday. The firm has a 50 day simple moving average of $22.45 and a 200 day simple moving average of $16.56. Niu Technologies has a fifty-two week low of $6.08 and a fifty-two week high of $33.51. The firm has a market cap of $2.04 billion, a P/E ratio of 97.68, a P/E/G ratio of 2.42 and a beta of 1.20.

Niu Technologies (NASDAQ:NIU) last released its earnings results on Monday, August 17th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.05. Niu Technologies had a return on equity of 20.01% and a net margin of 7.63%. The company had revenue of $91.29 million during the quarter, compared to analysts’ expectations of $98.55 million. Equities analysts anticipate that Niu Technologies will post 0.42 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the business. Envestnet Asset Management Inc. bought a new position in shares of Niu Technologies in the 3rd quarter worth approximately $205,000. Two Sigma Advisers LP raised its position in shares of Niu Technologies by 24.7% in the second quarter. Two Sigma Advisers LP now owns 51,500 shares of the company’s stock worth $824,000 after acquiring an additional 10,200 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Niu Technologies during the 2nd quarter worth about $887,000. Nuveen Asset Management LLC acquired a new stake in shares of Niu Technologies during the 2nd quarter valued at about $488,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Niu Technologies in the 2nd quarter valued at about $126,000. 18.26% of the stock is owned by institutional investors and hedge funds.

Niu Technologies Company Profile

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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Analyst Recommendations for Niu Technologies (NASDAQ:NIU)

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