Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) shares hit a new 52-week low during trading on Friday . The company traded as low as $3.94 and last traded at $3.96, with a volume of 93687 shares changing hands. The stock had previously closed at $4.00.
Lotus Technology Stock Performance
The company's fifty day simple moving average is $4.52 and its two-hundred day simple moving average is $5.94. The company has a debt-to-equity ratio of 7.93, a quick ratio of 0.46 and a current ratio of 0.61. The stock has a market capitalization of $2.75 billion, a P/E ratio of -2.60 and a beta of 0.14.
Lotus Technology (NASDAQ:LOT - Get Free Report) last released its quarterly earnings results on Wednesday, August 28th. The company reported ($0.30) earnings per share (EPS) for the quarter. The company had revenue of $225.03 million during the quarter.
Institutional Investors Weigh In On Lotus Technology
An institutional investor recently bought a new position in Lotus Technology stock. State Street Corp purchased a new position in shares of Lotus Technology Inc. (NASDAQ:LOT - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 11,533 shares of the company's stock, valued at approximately $58,000. 63.40% of the stock is owned by hedge funds and other institutional investors.
About Lotus Technology
(
Get Free Report)
Lotus Technology Inc engages in the design, development, and sale of battery electric lifestyle vehicles worldwide. It also distributes sports cars. The company sells its products under the Lotus brand. Lotus Technology Inc is based in Shanghai, China.
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