Assenagon Asset Management S.A. Buys Shares of 14,025 Niu Technologies (NASDAQ:NIU)

Assenagon Asset Management S.A. acquired a new position in shares of Niu Technologies (NASDAQ:NIU) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 14,025 shares of the company’s stock, valued at approximately $32,000.

Several other large investors have also bought and sold shares of the business. Renaissance Technologies LLC increased its stake in shares of Niu Technologies by 2.6% in the second quarter. Renaissance Technologies LLC now owns 305,000 shares of the company’s stock valued at $531,000 after buying an additional 7,800 shares during the period. Green Alpha Advisors LLC lifted its stake in shares of Niu Technologies by 23.9% in the 3rd quarter. Green Alpha Advisors LLC now owns 101,572 shares of the company’s stock valued at $234,000 after purchasing an additional 19,574 shares during the period. Virtu Financial LLC bought a new position in shares of Niu Technologies during the 1st quarter worth approximately $72,000. Acadian Asset Management LLC acquired a new stake in Niu Technologies in the second quarter worth $76,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Niu Technologies in the 2nd quarter valued at about $907,000. 75.06% of the stock is owned by institutional investors and hedge funds.

Niu Technologies Stock Down 3.0 %

Shares of NIU opened at $2.24 on Tuesday. Niu Technologies has a 12-month low of $1.57 and a 12-month high of $3.50. The stock has a market cap of $173.73 million, a P/E ratio of -4.47 and a beta of 0.51. The business’s fifty day moving average is $2.22 and its 200 day moving average is $2.08.

Niu Technologies (NASDAQ:NIU) last announced its earnings results on Monday, August 12th. The company reported ($0.04) earnings per share (EPS) for the quarter. Niu Technologies had a negative net margin of 10.22% and a negative return on equity of 26.48%. The company had revenue of $129.42 million for the quarter.

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.