Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $3.15 and last traded at $3.23, with a volume of 51104 shares traded. The stock had previously closed at $3.34.
Lotus Technology Trading Down 2.4 %
The business has a 50-day moving average price of $3.96 and a 200-day moving average price of $4.91. The company has a quick ratio of 0.46, a current ratio of 0.61 and a debt-to-equity ratio of 7.93. The firm has a market capitalization of $2.21 billion, a P/E ratio of -2.09 and a beta of 0.13.
Hedge Funds Weigh In On Lotus Technology
Several hedge funds and other institutional investors have recently modified their holdings of LOT. State Street Corp acquired a new stake in shares of Lotus Technology during the 3rd quarter worth about $58,000. Tidal Investments LLC acquired a new stake in shares of Lotus Technology during the third quarter worth approximately $402,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Lotus Technology in the third quarter valued at approximately $32,000. Institutional investors own 63.40% of the company's stock.
About Lotus Technology
(
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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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