Nikko Asset Management Americas Inc. boosted its position in Niu Technologies (NASDAQ:NIU – Get Rating) by 20.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,442,590 shares of the company's stock after acquiring an additional 940,441 shares during the quarter. Nikko Asset Management Americas Inc. owned 7.08% of Niu Technologies worth $44,520,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its stake in shares of Niu Technologies by 81.0% during the second quarter. Envestnet Asset Management Inc. now owns 74,468 shares of the company's stock worth $640,000 after purchasing an additional 33,328 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Niu Technologies by 11.1% during the second quarter. DekaBank Deutsche Girozentrale now owns 600,000 shares of the company's stock worth $4,948,000 after purchasing an additional 60,000 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of Niu Technologies during the second quarter worth about $31,000. Assenagon Asset Management S.A. acquired a new position in shares of Niu Technologies during the second quarter worth about $2,084,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Niu Technologies by 0.7% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,263,723 shares of the company's stock worth $10,868,000 after purchasing an additional 9,202 shares in the last quarter. Institutional investors and hedge funds own 40.09% of the company's stock.
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Wall Street Analyst Weigh In
Separately, Citigroup reduced their price objective on Niu Technologies from $14.30 to $6.70 in a research note on Monday, October 10th.
Niu Technologies Stock Performance
Shares of NASDAQ NIU traded down $0.09 during midday trading on Thursday, reaching $2.76. 12,028 shares of the company's stock were exchanged, compared to its average volume of 449,758. Niu Technologies has a 52-week low of $2.65 and a 52-week high of $27.81. The stock has a market capitalization of $212.08 million, a PE ratio of 11.71, a price-to-earnings-growth ratio of 0.61 and a beta of 0.73. The business's fifty day moving average price is $4.62 and its two-hundred day moving average price is $6.67.
Niu Technologies (NASDAQ:NIU – Get Rating) last announced its earnings results on Monday, August 15th. The company reported $0.03 earnings per share (EPS) for the quarter. Niu Technologies had a return on equity of 9.88% and a net margin of 3.43%. The business had revenue of $123.56 million for the quarter. Analysts predict that Niu Technologies will post 0.22 earnings per share for the current fiscal year.
About Niu Technologies
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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.
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根据日兴资产管理美洲公司最近向美国证券交易委员会披露的信息，该公司在第二季度将其在小牛电动(纳斯达克代码：NIU-Get Rating)的持仓提高了20.9%。该基金在本季度增持了940,441股后，持有该公司5,442,590股股票。根据小牛电动最近提交给美国证券交易委员会的文件，日兴资产管理美洲公司持有该公司7.08%的股份，价值44,520,000美元。
其他对冲基金和其他机构投资者最近也增持或减持了该公司的股份。安维斯网资产管理公司在第二季度增持了小牛电动81.0%的股份。Envestnet Asset Management Inc.现在持有74,468股该公司股票，价值64万美元，上个季度又购买了33,328股。德意志银行在第二季度增持了小牛电动的股份11.1%。DekaBank Deutsche Girozentrale在上个季度又购买了6万股后，现在持有60万股该公司股票，价值494.8万美元。加拿大国民银行FI在第二季度收购了小牛电动的新股票头寸，价值约31,000美元。资产管理公司在第二季度收购了价值约2,084,000美元的小牛电动股份。最后，未来资产环球投资有限公司在第二季度增持了0.7%的小牛电动股份。未来资产全球投资有限公司现在拥有1,263,723股该公司的股票，价值10,868,000美元，上个季度又购买了9,202股。机构投资者和对冲基金持有该公司40.09%的股票。
到达小牛电动警报：
华尔街分析师也加入进来
另外，花旗集团在10月10日星期一的一份研究报告中将小牛电动的目标价从14.30美元下调至6.7美元。
小牛电动股票表现
周四午盘，新浪纳斯达克的股价下跌0.09美元，至2.76美元。该公司股票成交量为12,028股，而其平均成交量为449,758股。小牛电动的52周低点为2.65美元，52周高点为27.81美元。该股市值为2.1208亿美元，市盈率为11.71倍，市盈率为0.61倍，贝塔系数为0.73。该业务的50日移动均线价格为4.62美元，200日移动均线价格为6.67美元。
小牛电动(纳斯达克：牛获得评级)上一次公布财报是在8月15日(星期一)。该公司公布该季度每股收益(EPS)为0.03美元。小牛电动的股本回报率为9.88%，净利润率为3.43%。该业务本季度的收入为1.2356亿美元。分析师预测，小牛电动本财年每股收益将达到0.22欧元。
关于小牛电动
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小牛电动在人民Republic of China设计、制造、销售智能电动滑板车。该公司提供NQI、MQI、UQI、GOVA系列电动滑板车和摩托车；KQI系列电动踢踏车；NIU Aero和BQI系列电动自行车；RQI和TQI系列高性能摩托车；YQI系列混合动力摩托车。
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