Niu Technologies (NASDAQ:NIU) Trading Down 0.9% – Should You Sell?

Niu Technologies (NASDAQ:NIU) dropped 0.9% during trading on Monday . The stock traded as low as $2.14 and last traded at $2.32. Approximately 1,058,926 shares changed hands during trading, an increase of 140% from the average daily volume of 441,029 shares. The stock had previously closed at $2.34.

Niu Technologies Trading Down 0.9 %

The stock has a market capitalization of $179.94 million, a PE ratio of -5.27 and a beta of 0.48. The firm’s fifty day moving average price is $1.94 and its two-hundred day moving average price is $2.03.

Hedge Funds Weigh In On Niu Technologies

Institutional investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. acquired a new position in Niu Technologies during the third quarter worth $32,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Niu Technologies by 35.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 118,124 shares of the company’s stock worth $272,000 after acquiring an additional 31,012 shares during the period. Quadrature Capital Ltd acquired a new position in Niu Technologies during the third quarter worth $57,000. Green Alpha Advisors LLC raised its position in Niu Technologies by 35.6% during the fourth quarter. Green Alpha Advisors LLC now owns 137,752 shares of the company’s stock worth $247,000 after acquiring an additional 36,180 shares during the period. Finally, XTX Topco Ltd acquired a new position in Niu Technologies during the third quarter worth $42,000. 75.06% of the stock is owned by hedge funds and other institutional investors.

About Niu Technologies

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.