Why Niu Technologies Shares Were Gaining Today

Shares of Niu Technologies (NASDAQ: NIU) were climbing today after the Chinese e-scooter company posted strong sales figures for its third quarter. As a result, the stock was up 10.3% as of 11:51 a.m. EDT on Friday.

A Niu e-scooter. Image source: Niu.

Niu Technologies said it sold 250,889 e-scooters in the third quarter, up 67.9% from a year ago; sales in China, where nearly all of its business comes from, were up 70.2%.

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Source Fool.com