Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Niu Technologies (NASDAQ:NIU - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 521,200 shares of the company's stock, valued at approximately $907,000. Healthcare of Ontario Pension Plan Trust Fund owned about 0.67% of Niu Technologies as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in Niu Technologies in the first quarter worth approximately $72,000. Acadian Asset Management LLC bought a new position in Niu Technologies during the 2nd quarter worth approximately $76,000. Finally, Renaissance Technologies LLC increased its stake in shares of Niu Technologies by 2.6% in the second quarter. Renaissance Technologies LLC now owns 305,000 shares of the company's stock worth $531,000 after buying an additional 7,800 shares during the period. 75.06% of the stock is currently owned by hedge funds and other institutional investors.
Niu Technologies Stock Down 13.9 %
Shares of Niu Technologies stock traded down $0.47 during trading on Tuesday, reaching $2.90. 1,670,967 shares of the stock were exchanged, compared to its average volume of 385,609. Niu Technologies has a 1 year low of $1.57 and a 1 year high of $3.50. The stock's fifty day moving average is $1.98 and its 200 day moving average is $2.01. The firm has a market cap of $224.92 million, a price-to-earnings ratio of -6.45 and a beta of 0.52.
Niu Technologies (NASDAQ:NIU - Get Free Report) last announced its earnings results on Monday, August 12th. The company reported ($0.04) EPS for the quarter. The business had revenue of $129.42 million for the quarter. Niu Technologies had a negative net margin of 10.22% and a negative return on equity of 26.48%.
Niu Technologies Profile
(
Free Report)
Niu Technologies designs, manufactures, and sells electric scooters in the People's Republic of China, Europe, and internationally. The company offers RQi, NQi, MQi, SQi, UQi, F, and Gova series smart electric scooters, motorcycles, mopeds, and bicycles; KQi series kick-scooters; BQi series e-bikes; and Niu Aero Sports Bicycles.
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