NIO (NYSE:NIO) Stock Rating Lowered by HSBC

HSBC downgraded shares of NIO (NYSE:NIO - Free Report) from a buy rating to a hold rating in a report issued on Tuesday morning, MarketBeat.com reports.

A number of other equities analysts have also recently issued reports on the stock. Daiwa America upgraded shares of NIO to a "strong-buy" rating in a research report on Monday, September 30th. The Goldman Sachs Group downgraded NIO from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $4.80 to $3.90 in a research report on Monday, November 25th. Finally, Macquarie downgraded NIO from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from $6.60 to $4.80 in a research report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, NIO currently has an average rating of "Hold" and a consensus target price of $5.71.

NIO Price Performance

NIO stock traded down $0.18 during mid-day trading on Tuesday, reaching $4.53. The company had a trading volume of 61,686,135 shares, compared to its average volume of 53,400,359. NIO has a 1 year low of $3.61 and a 1 year high of $8.05. The company has a market capitalization of $7.79 billion, a P/E ratio of -3.00 and a beta of 1.70. The stock's 50-day simple moving average is $4.67 and its 200-day simple moving average is $4.81. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93.

Institutional Investors Weigh In On NIO

Institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. raised its holdings in shares of NIO by 140.2% in the 3rd quarter. Principal Financial Group Inc. now owns 75,100 shares of the company's stock worth $502,000 after purchasing an additional 43,839 shares during the period. Garden State Investment Advisory Services LLC acquired a new stake in NIO during the 3rd quarter worth approximately $374,000. Tidal Investments LLC raised its holdings in NIO by 2.4% in the third quarter. Tidal Investments LLC now owns 280,140 shares of the company's stock valued at $1,871,000 after buying an additional 6,545 shares during the period. Sanctuary Advisors LLC grew its stake in NIO by 63.1% during the third quarter. Sanctuary Advisors LLC now owns 82,859 shares of the company's stock worth $553,000 after buying an additional 32,069 shares during the period. Finally, Toronto Dominion Bank increased its position in shares of NIO by 1,652,962.5% in the third quarter. Toronto Dominion Bank now owns 132,245 shares of the company's stock worth $883,000 after acquiring an additional 132,237 shares in the last quarter. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

About NIO

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.