Niu Technologies (NASDAQ:NIU) Trading 7% Higher

Niu Technologies – (NASDAQ:NIU) traded up 7% during mid-day trading on Friday . The stock traded as high as $6.18 and last traded at $5.97, 10,254 shares changed hands during mid-day trading. A decline of 95% from the average session volume of 221,908 shares. The stock had previously closed at $5.58.

The firm’s fifty day moving average price is $6.30.

Niu Technologies (NASDAQ:NIU) last announced its quarterly earnings data on Monday, May 13th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $52.93 million for the quarter.

Several institutional investors and hedge funds have recently made changes to their positions in NIU. Millennium Management LLC acquired a new position in shares of Niu Technologies during the fourth quarter worth $324,000. Hsbc Holdings PLC acquired a new position in shares of Niu Technologies in the 4th quarter valued at $1,428,000. Finally, Citigroup Inc. acquired a new position in shares of Niu Technologies in the 4th quarter valued at $486,000. 5.04% of the stock is currently owned by institutional investors and hedge funds.

About Niu Technologies (NASDAQ:NIU)

Niu Technologies designs, manufactures, and sells smart e-scooters in the People's Republic of China. It offers N, M, and U series e-scooters with various models or specifications under the NIU brand name. The company sells and services its products through city partner system, as well as through own online store and third-party e-commerce platforms.

Further Reading: Do investors pay a separate front-end load every time they buy additional shares?

Receive News & Ratings for Niu Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Niu Technologies and related companies with MarketBeat.com's FREE daily email newsletter.