NIO (NYSE:NIO) Downgraded by Hsbc Global Res to “Hold”

Hsbc Global Res lowered shares of NIO (NYSE:NIO) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

A number of other equities research analysts also recently weighed in on NIO. Daiwa America raised shares of NIO to a “strong-buy” rating in a research report on Monday, September 30th. Macquarie cut NIO from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $6.60 to $4.80 in a research report on Wednesday, November 20th. HSBC lowered NIO from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, The Goldman Sachs Group lowered NIO from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $4.80 to $3.90 in a research report on Monday, November 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.71.

NIO Stock Performance

Shares of NIO stock opened at $4.32 on Tuesday. The company’s fifty day moving average price is $4.67 and its two-hundred day moving average price is $4.81. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The firm has a market capitalization of $7.43 billion, a P/E ratio of -2.86 and a beta of 1.70. NIO has a 12 month low of $3.61 and a 12 month high of $7.84.

Institutional Investors Weigh In On NIO

A number of institutional investors and hedge funds have recently modified their holdings of NIO. Allspring Global Investments Holdings LLC purchased a new stake in shares of NIO in the 3rd quarter valued at approximately $32,000. First Trust Direct Indexing L.P. purchased a new stake in NIO in the 3rd quarter worth about $76,000. Apollon Wealth Management LLC acquired a new stake in NIO during the 3rd quarter worth about $78,000. Sivia Capital Partners LLC purchased a new position in NIO during the 3rd quarter valued at about $92,000. Finally, Avior Wealth Management LLC increased its holdings in shares of NIO by 106.1% in the 3rd quarter. Avior Wealth Management LLC now owns 14,588 shares of the company’s stock valued at $97,000 after purchasing an additional 7,510 shares during the period. 48.55% of the stock is owned by institutional investors and hedge funds.

About NIO

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.