Stock Alert: Niu Technologies Stock Up 16% In Premarket On Q2 E-Scooter Sales Growth

(RTTNews) - Shares of Niu Technologies (NIU) are rising over 16% in pre-market today, after the company announced a 61.2% growth in second-quarter e-scooter sales.

The stock has been trading in the range of $5.33 - $19.99 for the past one year, and closed Thursday's trade at $18.25, up $1.92 or 11.76%. NIU is currently trading at $21.35, up $3.10 or 16.99% in the pre-market session.

In the second quarter of 2020, NIU sold 160,138 e-scooters, representing a 61.2% year-over-year growth. The number of e-scooters sold in China market reached 154,959, representing an 81.0% year-over-year growth, while the number of e-scooter sold in the international markets reached 5,179, a decrease of 62.3% compared with the second quarter of last year.

In the first two quarters of 2020, NIU sold about 200,298 e-scooters, representing a 20.9% year-over-year growth. The number of e-scooters sold in China market and international markets reached 189,275 and 11,023, respectively.