Niu Technologies (NASDAQ:NIU) Stock Holdings Lessened by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its holdings in Niu Technologies (NASDAQ:NIUFree Report) by 55.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,972 shares of the company’s stock after selling 128,402 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Niu Technologies were worth $289,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC grew its stake in shares of Niu Technologies by 1,264.4% in the second quarter. Tower Research Capital LLC TRC now owns 7,982 shares of the company’s stock valued at $32,000 after buying an additional 7,397 shares in the last quarter. UBS Group AG raised its stake in Niu Technologies by 164.9% during the first quarter. UBS Group AG now owns 9,119 shares of the company’s stock worth $38,000 after acquiring an additional 5,677 shares in the last quarter. Alliancebernstein L.P. acquired a new position in shares of Niu Technologies in the third quarter valued at approximately $43,000. Virtu Financial LLC bought a new stake in Niu Technologies in the second quarter valued at approximately $60,000. Finally, Seaport Global Advisors LLC boosted its holdings in Niu Technologies by 51.9% in the fourth quarter. Seaport Global Advisors LLC now owns 12,570 shares of the company’s stock valued at $66,000 after acquiring an additional 4,294 shares during the last quarter. Institutional investors own 13.18% of the company’s stock.

Niu Technologies Stock Performance

Niu Technologies stock opened at $1.71 on Thursday. Niu Technologies has a 52-week low of $1.57 and a 52-week high of $4.99. The stock’s 50 day moving average price is $2.03 and its two-hundred day moving average price is $2.57. The stock has a market capitalization of $131.89 million, a price-to-earnings ratio of -5.34 and a beta of 0.62.

Niu Technologies (NASDAQ:NIUGet Free Report) last issued its earnings results on Monday, November 20th. The company reported ($0.14) EPS for the quarter. Niu Technologies had a negative return on equity of 14.09% and a negative net margin of 6.48%. The company had revenue of $127.06 million during the quarter. On average, equities research analysts forecast that Niu Technologies will post 0.08 EPS for the current year.

Niu Technologies Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Niu Technologies (NASDAQ:NIU)

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