State Street Corp Trims Stock Position in Niu Technologies (NASDAQ:NIU)

State Street Corp lessened its stake in Niu Technologies (NASDAQ:NIU) by 26.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,869 shares of the company’s stock after selling 16,490 shares during the period. State Street Corp owned 0.06% of Niu Technologies worth $103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Niu Technologies in the 2nd quarter valued at $907,000. Acadian Asset Management LLC purchased a new stake in shares of Niu Technologies in the second quarter valued at about $76,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Niu Technologies by 35.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 118,124 shares of the company’s stock valued at $272,000 after buying an additional 31,012 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Niu Technologies during the third quarter worth about $57,000. Finally, Green Alpha Advisors LLC grew its holdings in shares of Niu Technologies by 23.9% during the third quarter. Green Alpha Advisors LLC now owns 101,572 shares of the company’s stock worth $234,000 after buying an additional 19,574 shares during the last quarter. Hedge funds and other institutional investors own 75.06% of the company’s stock.

Niu Technologies Stock Performance

Shares of Niu Technologies stock opened at $1.77 on Friday. Niu Technologies has a one year low of $1.57 and a one year high of $3.50. The company has a market cap of $137.28 million, a P/E ratio of -4.02 and a beta of 0.47. The firm has a fifty day moving average of $1.95 and a two-hundred day moving average of $2.02.

Niu Technologies Company Profile

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.