The Latest Breaking News from Niu Technologies

Chinese electric scooter company Niu Technologies – ADR (NASDAQ:NIU) stock initially dropped on Monday after it reported its second-quarter results.

Strong consumer demand and widespread technology adoption are enhancing the prospects of the auto industry. To that end, it could be wise to watch fundamentally strong auto stocks, General Motors (GM), Niu Technologies (NIU), and Li Auto (LI). Keep reading.

Key Takeaways: Electric scooter maker Niu Technologies’ profit fell 18% in the fourth quarter, squeezed by rising material costs and growing competition Company forecast revenue growth would slow to 20% to 30% in the first quarter from 47% in the fourth quarter By Doug Young 

Citi analyst Beatrice Lam lowered the price target on Niu Technologies (NASDAQ:NIU) to $35 from $39 and kept a Buy rating on the shares, implying a 303% upside. Lam noted that the company reported "solid" fiscal 2021 earnings with 52% year-over-year growth in revenue. The analyst trimmed the price target to factor in more conservative…

U.S. stocks traded lower toward the end of trading, with the Dow Jones dropping more than 600 points on Monday. The Secretary of State Antony Blinken said on Sunday that the United States and its allies are considering a ban on Russian oil and natural gas imports.

Niu Technologies (NASDAQ:NIU) is set to give its latest quarterly earnings report on Monday, 2022-03-07. Here's what investors need to know before the announcement. Analysts estimate that Niu Technologies will report an earnings per share (EPS) of $0.21.