Niu Technologies (NASDAQ:NIU) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Niu Technologies (NASDAQ:NIU) by 35.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 118,124 shares of the company’s stock after acquiring an additional 31,012 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.15% of Niu Technologies worth $272,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Niu Technologies in the 2nd quarter worth $907,000. Assenagon Asset Management S.A. purchased a new position in Niu Technologies during the third quarter worth about $32,000. Virtu Financial LLC acquired a new position in Niu Technologies in the 1st quarter valued at about $72,000. Acadian Asset Management LLC purchased a new stake in shares of Niu Technologies in the 2nd quarter valued at approximately $76,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Niu Technologies by 2.6% during the 2nd quarter. Renaissance Technologies LLC now owns 305,000 shares of the company’s stock worth $531,000 after buying an additional 7,800 shares during the last quarter. Hedge funds and other institutional investors own 75.06% of the company’s stock.

Niu Technologies Stock Down 0.5 %

NIU stock opened at $1.86 on Monday. Niu Technologies has a 52-week low of $1.57 and a 52-week high of $3.50. The stock has a market cap of $144.26 million, a price-to-earnings ratio of -4.23 and a beta of 0.51. The business has a fifty day moving average of $2.27 and a two-hundred day moving average of $2.05.

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.