Niu Technologies (NASDAQ:NIU) Trading Down 5.9% - What's Next?

Niu Technologies (NASDAQ:NIU - Get Free Report)'s stock price dropped 5.9% during trading on Monday . The stock traded as low as $2.94 and last traded at $3.01. Approximately 2,556,956 shares changed hands during trading, an increase of 314% from the average daily volume of 617,379 shares. The stock had previously closed at $3.20.

Niu Technologies Trading Down 5.2 %

The firm has a 50-day moving average of $2.93 and a 200-day moving average of $2.37. The stock has a market capitalization of $214.06 million, a price-to-earnings ratio of -6.27 and a beta of -0.01.

Niu Technologies (NASDAQ:NIU - Get Free Report) last released its quarterly earnings data on Monday, March 17th. The company reported ($0.13) earnings per share for the quarter. The business had revenue of $112.23 million during the quarter. Niu Technologies had a negative return on equity of 24.22% and a negative net margin of 8.53%.

Hedge Funds Weigh In On Niu Technologies

Several institutional investors have recently made changes to their positions in the company. Headlands Technologies LLC acquired a new position in Niu Technologies during the fourth quarter worth $31,000. XTX Topco Ltd acquired a new position in Niu Technologies in the 3rd quarter valued at about $42,000. Marshall Wace LLP acquired a new position in Niu Technologies in the fourth quarter valued at approximately $42,000. American Century Companies Inc. lifted its stake in shares of Niu Technologies by 438.6% in the 4th quarter. American Century Companies Inc. now owns 87,804 shares of the company's stock valued at $157,000 after purchasing an additional 71,501 shares during the last quarter. Finally, Barclays PLC boosted its stake in Niu Technologies by 285.1% during the fourth quarter. Barclays PLC now owns 128,039 shares of the company's stock worth $230,000 after buying an additional 94,794 shares during the period. 75.06% of the stock is owned by hedge funds and other institutional investors.

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Niu Technologies Company Profile

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.