Shares of NASDAQ:NIU opened at $9.66 on Wednesday. The company’s fifty day moving average price is $9.02 and its 200 day moving average price is $7.83. Niu Technologies has a 12 month low of $5.33 and a 12 month high of $13.60. The firm has a market capitalization of $722.56 million and a P/E ratio of 324.00.
Niu Technologies (NASDAQ:NIU) last announced its quarterly earnings results on Friday, August 23rd. The company reported $0.10 EPS for the quarter. Niu Technologies had a net margin of 1.61% and a return on equity of 8.49%. The firm had revenue of $77.28 million for the quarter.
A number of large investors have recently made changes to their positions in the stock. Stevens Capital Management LP acquired a new position in Niu Technologies in the second quarter valued at $106,000. Elephas Investment Management Ltd acquired a new position in Niu Technologies in the second quarter valued at $135,000. Marshall Wace LLP acquired a new position in Niu Technologies in the second quarter valued at $160,000. Morgan Stanley increased its stake in Niu Technologies by 29.8% in the second quarter. Morgan Stanley now owns 43,844 shares of the company’s stock valued at $259,000 after purchasing an additional 10,054 shares during the period. Finally, Essex Investment Management Co. LLC acquired a new position in Niu Technologies in the third quarter valued at $1,347,000. Hedge funds and other institutional investors own 8.01% of the company’s stock.
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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