Polunin Capital Partners Ltd Decreases Stake in Niu Technologies (NASDAQ:NIU)

Polunin Capital Partners Ltd lessened its position in shares of Niu Technologies (NASDAQ:NIU) by 2.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,100,262 shares of the company’s stock after selling 29,500 shares during the quarter. Niu Technologies comprises about 0.6% of Polunin Capital Partners Ltd’s investment portfolio, making the stock its 19th biggest holding. Polunin Capital Partners Ltd’s holdings in Niu Technologies were worth $2,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of NIU. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Niu Technologies during the second quarter valued at $907,000. Acadian Asset Management LLC purchased a new position in Niu Technologies during the 2nd quarter valued at $76,000. Virtu Financial LLC purchased a new stake in shares of Niu Technologies during the first quarter valued at $72,000. Green Alpha Advisors LLC boosted its position in 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 buying an additional 19,574 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in Niu Technologies in the third quarter worth approximately $32,000. Hedge funds and other institutional investors own 75.06% of the company’s stock.

Niu Technologies Stock Performance

NIU traded down $0.13 during trading on Friday, hitting $2.27. 1,263,736 shares of the stock were exchanged, compared to its average volume of 405,497. Niu Technologies has a 1 year low of $1.57 and a 1 year high of $3.50. The firm has a 50 day simple moving average of $2.16 and a 200 day simple moving average of $2.08. The firm has a market cap of $176.06 million, a price-to-earnings ratio of -4.45 and a beta of 0.52.

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