NIO (NYSE:NIO) Downgraded to “Hold” Rating by HSBC

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

NIO has been the subject of several other research reports. Daiwa America raised NIO to a “strong-buy” rating in a research note on Monday, September 30th. The Goldman Sachs Group downgraded shares of NIO from a “neutral” rating to a “sell” rating and decreased their price target for the company from $4.80 to $3.90 in a research note on Monday, November 25th. Finally, Macquarie cut NIO from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $6.60 to $4.80 in a report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, NIO presently has an average rating of “Hold” and an average price target of $5.71.

NIO Stock Up 1.5 %

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

Institutional Trading of NIO

A number of hedge funds have recently bought and sold shares of NIO. Principal Financial Group Inc. increased its position in shares of NIO by 140.2% during the 3rd quarter. Principal Financial Group Inc. now owns 75,100 shares of the company’s stock valued at $502,000 after purchasing an additional 43,839 shares during the last quarter. Garden State Investment Advisory Services LLC bought a new stake in shares of NIO during the third quarter valued at about $374,000. Tidal Investments LLC increased its holdings in NIO by 2.4% during the 3rd quarter. Tidal Investments LLC now owns 280,140 shares of the company’s stock worth $1,871,000 after acquiring an additional 6,545 shares during the period. Sanctuary Advisors LLC lifted its position in shares of NIO by 63.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 82,859 shares of the company’s stock worth $553,000 after purchasing an additional 32,069 shares during the period. Finally, Toronto Dominion Bank lifted its holdings in NIO by 1,652,962.5% in the third quarter. Toronto Dominion Bank now owns 132,245 shares of the company’s stock worth $883,000 after buying an additional 132,237 shares during the period. 48.55% of the stock is currently owned by institutional investors.

About NIO

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.