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

Shares of Niu Technologies (NASDAQ:NIU) fell 0.9% during trading on Monday . The stock traded as low as $2.14 and last traded at $2.32. 1,058,926 shares were traded during mid-day trading, an increase of 140% from the average session volume of 441,029 shares. The stock had previously closed at $2.34.

Niu Technologies Trading Down 0.9 %

The company has a market cap of $179.94 million, a PE ratio of -5.27 and a beta of 0.48. The company’s 50 day moving average is $1.94 and its 200 day moving average is $2.03.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. bought a new stake in shares of Niu Technologies in the 3rd quarter valued at about $32,000. Headlands Technologies LLC bought a new stake in shares of Niu Technologies in the 4th quarter valued at about $31,000. XTX Topco Ltd bought a new stake in shares of Niu Technologies in the 3rd quarter valued at about $42,000. Marshall Wace LLP bought a new stake in shares of Niu Technologies in the 4th quarter valued at about $42,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Niu Technologies in the 3rd quarter valued at about $57,000. Hedge funds and other institutional investors own 75.06% of the company’s stock.

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.