Zurcher Kantonalbank Zurich Cantonalbank Increases Stake in Niu Technologies (NASDAQ:NIU) – Defense World
Posted by admin on Jul 17th, 2022 
Zurcher Kantonalbank Zurich Cantonalbank increased its position in Niu Technologies (NASDAQ:NIU – Get Rating) by 51.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 25,632 shares of the company’s stock after acquiring an additional 8,712 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Niu Technologies were worth $248,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in NIU. Green Alpha Advisors LLC purchased a new position in Niu Technologies during the 1st quarter valued at about $124,000. Daiwa Securities Group Inc. grew its holdings in shares of Niu Technologies by 59.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 14,775 shares of the company’s stock worth $238,000 after purchasing an additional 5,499 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Niu Technologies by 50.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 20,018 shares of the company’s stock worth $322,000 after purchasing an additional 6,699 shares in the last quarter. Cushing Asset Management LP grew its holdings in shares of Niu Technologies by 125.6% during the fourth quarter. Cushing Asset Management LP now owns 42,858 shares of the company’s stock worth $690,000 after purchasing an additional 23,859 shares in the last quarter. Finally, Citigroup Inc. grew its holdings in shares of Niu Technologies by 4.2% during the fourth quarter. Citigroup Inc. now owns 66,608 shares of the company’s stock worth $1,073,000 after purchasing an additional 2,686 shares in the last quarter.
NASDAQ:NIU opened at $7.18 on Friday. The business has a 50 day moving average of $7.78 and a 200 day moving average of $10.38. The company has a market capitalization of $551.71 million, a price-to-earnings ratio of 18.41, a PEG ratio of 0.64 and a beta of 0.71. Niu Technologies has a 1-year low of $6.07 and a 1-year high of $30.42.
Niu Technologies (NASDAQ:NIU – Get Rating) last released its earnings results on Monday, May 23rd. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $90.78 million during the quarter. Niu Technologies had a return on equity of 16.60% and a net margin of 5.37%. As a group, sell-side analysts anticipate that Niu Technologies will post 0.39 EPS for the current year.
Separately, Jefferies Financial Group assumed coverage on Niu Technologies in a report on Thursday, April 14th. They set a “hold” rating and a $10.50 price objective for the company.
(Get Rating)
Niu Technologies designs, manufactures, and sells smart electric scooters in the People's Republic of China. The company offers NQi, MQi, UQi, and Gova series electric scooters and motorcycles; KQi series electric kick-scooters; NIU Aero and BQi series e-bikes; RQi and TQi series high-performance motorcycles; and YQi series hybrid motorcycles.
Want to see what other hedge funds are holding NIU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Niu Technologies (NASDAQ:NIU – Get Rating).
Receive News & Ratings for Niu Technologies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Niu Technologies and related companies with MarketBeat.com’s FREE daily email newsletter.
Whirlpool (NYSE:WHR) Price Target Cut to $191.00
Cwm LLC Sells 218 Shares of iShares Core Growth Allocation ETF (NYSEARCA:AOR)