Shares of NIO Inc. (NYSE:NIO – Get Free Report) shot up 2.8% on Friday . Bank of America restated a “neutral” rating and issued a $6.80 price objective on shares of NIO in a research report on Thursday, May 21st. The stock has a 50-day moving average price of $5.01 and a 200 day moving average price of $5.36. Hedge funds and other institutional investors own 48.55% of the company’s stock. NIO Company Profile(Get Free Report)NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs.