NIO (NYSE:NIO) Shares Down 2.1% - Should You Sell?

Nio Inc - (NYSE:NIO - Get Free Report)'s stock price fell 2.1% during mid-day trading on Monday . The company traded as low as $3.18 and last traded at $3.39. 35,386,228 shares changed hands during trading, a decline of 37% from the average session volume of 56,005,671 shares. The stock had previously closed at $3.46.

Analyst Upgrades and Downgrades

NIO has been the subject of a number of recent research reports. HSBC downgraded NIO from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Cfra Research upgraded shares of NIO to a "hold" rating in a research report on Friday, March 21st. Mizuho reduced their target price on shares of NIO from $4.20 to $3.50 and set a "neutral" rating for the company in a research note on Thursday. Citigroup dropped their price target on shares of NIO from $8.90 to $8.10 and set a "buy" rating on the stock in a research note on Monday, March 24th. Finally, Hsbc Global Res downgraded NIO from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $5.05.

NIO Stock Performance

The stock has a market cap of $7.15 billion, a P/E ratio of -2.27 and a beta of 1.74. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The company has a fifty day moving average of $4.25 and a 200 day moving average of $4.69.

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NIO (NYSE:NIO - Get Free Report) last posted its quarterly earnings data on Friday, March 21st. The company reported ($0.47) EPS for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.14). NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $20.19 billion. During the same period in the prior year, the firm posted ($2.81) EPS. The firm's quarterly revenue was up 15.2% on a year-over-year basis. On average, equities analysts predict that Nio Inc - will post -1.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NIO

Several large investors have recently made changes to their positions in NIO. Annex Advisory Services LLC acquired a new stake in NIO during the first quarter valued at approximately $47,000. Shufro Rose & Co. LLC bought a new position in shares of NIO in the fourth quarter valued at $65,000. Vident Advisory LLC lifted its position in shares of NIO by 60.6% during the 4th quarter. Vident Advisory LLC now owns 53,937 shares of the company's stock valued at $235,000 after acquiring an additional 20,349 shares during the last quarter. Vienna Asset Management LLC acquired a new position in shares of NIO in the 4th quarter worth $100,000. Finally, Laird Norton Wetherby Trust Company LLC acquired a new position in shares of NIO in the 4th quarter worth $93,000. Institutional investors own 48.55% of the company's stock.

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.