Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $1.80 and last traded at $1.86, with a volume of 119018 shares trading hands. The stock had previously closed at $1.97.
Lotus Technology Stock Performance
The stock has a fifty day simple moving average of $2.88 and a 200 day simple moving average of $3.97. The firm has a market cap of $1.10 billion, a P/E ratio of -1.04 and a beta of 0.14.
Hedge Funds Weigh In On Lotus Technology
A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE increased its position in Lotus Technology by 178.8% during the fourth quarter. Bank of America Corp DE now owns 7,560 shares of the company's stock valued at $27,000 after acquiring an additional 4,848 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in Lotus Technology during the third quarter valued at $32,000. Jane Street Group LLC bought a new stake in shares of Lotus Technology in the fourth quarter worth about $37,000. State Street Corp purchased a new position in shares of Lotus Technology in the third quarter valued at $58,000. Finally, Merit Financial Group LLC purchased a new stake in shares of Lotus Technology during the 4th quarter valued at about $46,000. Hedge funds and other institutional investors own 63.40% of the company's stock.
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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