Why Shares of Niu Technologies Sailed 16% Higher in the First Half of 2021
While it may not receive as much media attention as its electrical-vehicle (EV) brethren, Niu Technologies (NASDAQ: NIU), an electric-scooter manufacturer, grabbed the interest of investors in 2020 and soared 229% higher. Investors may have eased up on the accelerator a little in the first half of 2021, but the stock was still off to a fast start and raced 16% higher, according to data from S&P Global Market Intelligence.
In addition to the company reporting higher year-over-year sales volumes and encouraging earnings reports, favorable attention from analysts fueled investors' enthusiasm for the stock through the first half of the year.
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Source Fool.com
