Shares of Niu Technologies – (NASDAQ:NIU) have been assigned a consensus broker rating score of 1.50 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating and one has assigned a strong buy rating to the company.
Brokers have set a 12 month consensus target price of $14.80 for the company, according to Zacks. Zacks has also assigned Niu Technologies an industry rank of 224 out of 255 based on the ratings given to related companies.
Separately, Needham & Company LLC set a $12.00 target price on Niu Technologies and gave the company a “buy” rating in a research report on Tuesday, March 19th.
Niu Technologies (NASDAQ:NIU) last issued its quarterly earnings results on Monday, March 18th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $62.18 million for the quarter.
Hedge funds have recently made changes to their positions in the business. Citigroup Inc. purchased a new position in Niu Technologies in the 4th quarter valued at $486,000. Yiheng Capital LLC purchased a new position in Niu Technologies in the 4th quarter valued at $17,728,000. Dean Capital Investments Management LLC purchased a new position in Niu Technologies in the 4th quarter valued at $486,000. Hsbc Holdings PLC purchased a new position in Niu Technologies in the 4th quarter valued at $1,428,000. Finally, Millennium Management LLC purchased a new position in Niu Technologies in the 4th quarter valued at $324,000. Institutional investors own 5.02% of the company’s stock.
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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