Niu Technologies (NASDAQ:NIU) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Niu Technologies (NASDAQ:NIU) by 35.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 118,124 shares of the company’s stock after buying an additional 31,012 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Niu Technologies were worth $272,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Virtu Financial LLC acquired a new position in shares of Niu Technologies during the 1st quarter worth approximately $72,000. Acadian Asset Management LLC purchased a new position in Niu Technologies during the second quarter worth $76,000. Renaissance Technologies LLC increased its position in Niu Technologies by 2.6% during the second quarter. Renaissance Technologies LLC now owns 305,000 shares of the company’s stock worth $531,000 after buying an additional 7,800 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Niu Technologies in the second quarter worth $907,000. Finally, Green Alpha Advisors LLC lifted its position in shares of Niu Technologies by 23.9% in the third quarter. Green Alpha Advisors LLC now owns 101,572 shares of the company’s stock valued at $234,000 after acquiring an additional 19,574 shares in the last quarter. Hedge funds and other institutional investors own 75.06% of the company’s stock.

Niu Technologies Stock Performance

Shares of NASDAQ NIU opened at $1.86 on Monday. The firm has a market cap of $144.26 million, a P/E ratio of -4.23 and a beta of 0.51. Niu Technologies has a 1 year low of $1.57 and a 1 year high of $3.50. The firm’s 50 day moving average price is $2.27 and its 200 day moving average price is $2.05.

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.