Niu Technologies – (NASDAQ:NIU) Given Average Recommendation of “Buy” by Analysts

Niu Technologies – (NASDAQ:NIU) has received a consensus broker rating score of 1.50 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.

Analysts have set a 1 year consensus price target of $14.80 for the company, according to Zacks. Zacks has also assigned Niu Technologies an industry rank of 151 out of 256 based on the ratings given to its competitors.

Separately, Needham & Company LLC set a $12.00 price target on shares of Niu Technologies and gave the company a “buy” rating in a report on Tuesday, March 19th.

Large investors have recently added to or reduced their stakes in the stock. Yiheng Capital LLC purchased a new position in shares of Niu Technologies in the 4th quarter worth about $17,728,000. Hsbc Holdings PLC purchased a new stake in shares of Niu Technologies during the 4th quarter valued at about $1,428,000. Citigroup Inc. purchased a new stake in shares of Niu Technologies during the 4th quarter valued at about $486,000. Dean Capital Investments Management LLC purchased a new stake in shares of Niu Technologies during the 4th quarter valued at about $486,000. Finally, Millennium Management LLC purchased a new stake in shares of Niu Technologies during the 4th quarter valued at about $324,000. Institutional investors and hedge funds own 5.04% of the company’s stock.

NASDAQ:NIU traded down $0.05 during trading hours on Monday, hitting $6.13. The company had a trading volume of 217,619 shares, compared to its average volume of 143,750. The company’s 50-day simple moving average is $7.43. Niu Technologies has a 52 week low of $5.66 and a 52 week high of $13.60.

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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