NIO (NYSE:NIO) Downgraded by HSBC to Hold

NIO (NYSE:NIO) was downgraded by analysts at HSBC from a “buy” rating to a “hold” rating in a report issued on Tuesday,Briefing.com Automated Import reports.

A number of other analysts have also recently issued reports on NIO. Daiwa America upgraded shares of NIO to a “strong-buy” rating in a research note on Monday, September 30th. Macquarie downgraded NIO from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $6.60 to $4.80 in a research report on Wednesday, November 20th. Finally, The Goldman Sachs Group lowered NIO from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $4.80 to $3.90 in a research note on Monday, November 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, NIO currently has a consensus rating of “Hold” and a consensus price target of $5.71.

NIO Stock Up 1.5 %

NIO stock opened at $4.70 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The business’s 50 day simple moving average is $4.69 and its 200 day simple moving average is $4.81. NIO has a 1-year low of $3.61 and a 1-year high of $8.05. The firm has a market capitalization of $8.08 billion, a PE ratio of -3.11 and a beta of 1.70.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Ballentine Partners LLC grew its stake in NIO by 11.5% during the third quarter. Ballentine Partners LLC now owns 24,020 shares of the company’s stock worth $160,000 after buying an additional 2,482 shares in the last quarter. Atomi Financial Group Inc. lifted its stake in NIO by 15.5% during the third quarter. Atomi Financial Group Inc. now owns 19,327 shares of the company’s stock worth $129,000 after purchasing an additional 2,588 shares during the last quarter. Greenwich Wealth Management LLC boosted its holdings in shares of NIO by 12.9% in the 2nd quarter. Greenwich Wealth Management LLC now owns 29,027 shares of the company’s stock valued at $121,000 after purchasing an additional 3,315 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of NIO by 1.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 208,152 shares of the company’s stock valued at $866,000 after purchasing an additional 3,539 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of NIO by 0.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,303,549 shares of the company’s stock worth $5,742,000 after buying an additional 3,548 shares in the last quarter. Institutional investors own 48.55% of the company’s stock.

NIO Company Profile

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.