Connor Clark & Lunn Investment Management Ltd. lessened its holdings in shares of Niu Technologies (NASDAQ:NIU – Free Report) by 8.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 290,075 shares of the company’s stock after selling 25,708 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.38% of Niu Technologies worth $1,201,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Green Alpha Advisors LLC raised its stake in Niu Technologies by 58.5% during the 1st quarter. Green Alpha Advisors LLC now owns 18,000 shares of the company’s stock valued at $75,000 after purchasing an additional 6,645 shares during the period. Alpine Global Management LLC purchased a new position in Niu Technologies during the 4th quarter valued at approximately $88,000. Envestnet Asset Management Inc. grew its holdings in Niu Technologies by 38.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 83,782 shares of the company’s stock valued at $438,000 after buying an additional 23,450 shares in the last quarter. Polunin Capital Partners Ltd purchased a new position in Niu Technologies during the 4th quarter valued at approximately $4,304,000. Finally, Bank of America Corp DE grew its holdings in Niu Technologies by 66.3% during the 1st quarter. Bank of America Corp DE now owns 14,384 shares of the company’s stock valued at $139,000 after buying an additional 5,736 shares in the last quarter. Institutional investors own 17.62% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on NIU. TheStreet cut Niu Technologies from a “c-” rating to a “d” rating in a report on Tuesday, June 13th. Citigroup lowered Niu Technologies from a “buy” rating to a “neutral” rating in a research report on Monday, May 22nd.
Niu Technologies Price Performance
NIU opened at $3.16 on Wednesday. Niu Technologies has a 12 month low of $2.57 and a 12 month high of $6.67. The stock has a fifty day moving average price of $3.96 and a 200-day moving average price of $3.97.
Niu Technologies (NASDAQ:NIU – Get Free Report) last released its quarterly earnings results on Monday, May 22nd. The company reported ($0.11) EPS for the quarter. Niu Technologies had a negative return on equity of 7.58% and a negative net margin of 3.29%. The company had revenue of $60.75 million during the quarter. Analysts expect that Niu Technologies will post 0.08 earnings per share for the current year.
About Niu Technologies
Niu Technologies designs, manufactures, and sells smart electric scooters in the People's Republic of China. The company offers RQi, NQi, MQi, SQi, UQi, and Gova series electric scooters and motorcycles; KQi series one kick-scooters; BQi series e-bikes; and Niu Aero Sports Bicycles. It also provides accessories and spare parts under the NIU brand name comprising scooter accessories, such as raincoats, gloves, knee pads, storage baskets and tail boxes, smart phone holders, backrests, and locks; lifestyle accessories, which includes T-shirts, coats, sweaters and hoodies, jeans, hats, bags, jewelry, notebook, badges, key chain, and mugs; and performance upgrade components that comprises of upgraded wheels, shock absorbers, brake calipers, and carbon fiber body panels.
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