Niu Technologies (NASDAQ:NIU) Trading Up 7%

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

The firm has a 50 day moving average price of $6.30.

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

A number of institutional investors have recently modified their holdings of NIU. Hsbc Holdings PLC purchased a new position in Niu Technologies in the 4th quarter valued at about $1,428,000. Citigroup Inc. purchased a new position in Niu Technologies in the 4th quarter valued at about $486,000. Finally, Millennium Management LLC purchased a new position in Niu Technologies in the 4th quarter valued at about $324,000. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

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.

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