|Bid||3.1550 x 0|
|Ask||3.4100 x 0|
|Day's Range||3.1050 - 3.1050|
|52 Week Range||2.5550 - 18.3000|
|Beta (5Y Monthly)||0.53|
|PE Ratio (TTM)||51.75|
|Earnings Date||Nov 21, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||42.30|
The analysts covering Niu Technologies ( NASDAQ:NIU ) delivered a dose of negativity to shareholders today, by making a...
Shares of Niu Technologies (NASDAQ: NIU) plunged Monday after the Chinese electric scooter maker announced its third-quarter financial results. Niu is working to take advantage of the many large metro areas in China, as well as the attraction many citizens have to electric vehicles. Niu's net income also dropped significantly versus last year.
-- Third Quarter Total Volume of e-scooter sales down 19.2% year over year -- Third Quarter Revenues of RMB 1,153.2 million, down 6.0% year over year -- Third Quarter Net income of RMB 2.9 million, compared with net income of RMB 91.7 million in the same period of last year BEIJING, Nov. 21, 2022 (GLOBE NEWSWIRE) -- Niu Technologies (“NIU”, or “the Company”) (NASDAQ: NIU), the world’s leading provider of smart urban mobility solutions, today announced its financial results for the third quarter