Assenagon Asset Management S.A. Decreases Holdings in Niu Technologies (NASDAQ:NIU)

Assenagon Asset Management S.A. lessened its stake in shares of Niu Technologies (NASDAQ:NIU) by 33.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 373,305 shares of the company’s stock after selling 185,152 shares during the period. Assenagon Asset Management S.A. owned about 0.48% of Niu Technologies worth $627,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NIU. QRG Capital Management Inc. bought a new position in Niu Technologies during the third quarter worth about $32,000. Pathstone Family Office LLC boosted its position in Niu Technologies by 116.9% during the third quarter. Pathstone Family Office LLC now owns 39,037 shares of the company’s stock worth $110,000 after purchasing an additional 21,037 shares during the period. Carmignac Gestion boosted its position in Niu Technologies by 3.2% during the fourth quarter. Carmignac Gestion now owns 897,408 shares of the company’s stock worth $1,965,000 after purchasing an additional 27,500 shares during the period. Finally, Green Alpha Advisors LLC boosted its position in Niu Technologies by 71.2% during the fourth quarter. Green Alpha Advisors LLC now owns 82,852 shares of the company’s stock worth $181,000 after purchasing an additional 34,468 shares during the period. Hedge funds and other institutional investors own 75.06% of the company’s stock.

Niu Technologies Trading Up 2.9 %

Shares of NIU stock traded up $0.06 during trading hours on Wednesday, reaching $2.13. The stock had a trading volume of 249,053 shares, compared to its average volume of 403,969. The stock’s fifty day simple moving average is $2.06 and its 200 day simple moving average is $2.04. Niu Technologies has a 12 month low of $1.57 and a 12 month high of $4.82. The firm has a market capitalization of $165.20 million, a PE ratio of -4.53 and a beta of 0.47.

Niu Technologies (NASDAQ:NIU) last released its quarterly earnings data on Monday, March 18th. The company reported ($0.23) EPS for the quarter. Niu Technologies had a negative net margin of 9.79% and a negative return on equity of 22.25%. The firm had revenue of $67.42 million during the quarter. During the same period in the prior year, the business earned ($0.07) EPS.

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.