Dimensional Fund Advisors LP Sells 13,280 Shares of Niu Technologies (NASDAQ:NIU)

Dimensional Fund Advisors LP cut its position in shares of Niu Technologies (NASDAQ:NIU) by 3.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 405,896 shares of the company’s stock after selling 13,280 shares during the quarter. Dimensional Fund Advisors LP owned about 0.52% of Niu Technologies worth $706,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Acadian Asset Management LLC bought a new stake in shares of Niu Technologies during the second quarter valued at approximately $76,000. Hedge funds and other institutional investors own 75.06% of the company’s stock.

Niu Technologies Price Performance

NASDAQ NIU opened at $2.65 on Monday. Niu Technologies has a twelve month low of $1.57 and a twelve month high of $3.50. The firm has a market capitalization of $205.53 million, a PE ratio of -5.64 and a beta of 0.52. The stock’s 50 day moving average is $2.04 and its 200 day moving average is $2.04.

Niu Technologies (NASDAQ:NIU) last announced its quarterly earnings data on Monday, August 12th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $129.42 million for the quarter. Niu Technologies had a negative net margin of 10.22% and a negative return on equity of 26.48%.

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.