Niu Technologies ADR Down 4.03% To $2.29 After Earnings

Niu Technologies - ADR (NIU) missed earnings projections on 11/20/2023 for Q3 2023.

Niu Technologies ADR earnings per share (EPS) came in at loss of $0.14 per share. Niu Technologies ADR's earnings were down 1500% year-over-year as the firm reported an EPS of $0.01 in its year-ago quarter. The negative annual growth shows the Consumer Cyclical company isn't performing well amid current economic conditions.

Revenues were downbeat at $127.1 million. That represents a 21.63% decrease in revenues from the year-ago report and is 71.14% lower than consensus estimates set at $440.3 million.

The stock is down 4.03% to $2.29 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

The average recommendation from Wall Street analysts was a Hold which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Niu Technologies ADR has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 24, putting Niu Technologies ADR in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $1.94 on October 23, 2023 and set a 52-week high on January 5, 2023 at $6.19.

Niu Technologies designs, manufactures and sells high-performance smart e-scooters. The company has build smart e-scooters based on advanced and innovative technologies, including smart technologies, powertrain, and battery technologies and automotive-inspired functionalities. It offers N, M, and U series e-scooters with various models or specifications under the NIU brand name. The Group's principal operations and geographic markets are mainly in the People's Republic of China.