Lotus Technology (NASDAQ:LOT - Get Free Report) released its quarterly earnings results on Tuesday. The company reported ($0.66) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $271.53 million during the quarter.
Lotus Technology Trading Up 0.4 %
Lotus Technology stock traded up $0.01 during trading hours on Friday, reaching $1.35. 24,042 shares of the company were exchanged, compared to its average volume of 157,268. Lotus Technology has a 12 month low of $1.06 and a 12 month high of $13.85. The stock has a 50-day moving average of $1.69 and a 200 day moving average of $3.06. The firm has a market cap of $910.88 million, a price-to-earnings ratio of -0.87 and a beta of 0.28.
Institutional Trading of Lotus Technology
An institutional investor recently raised its position in Lotus Technology stock. Bank of America Corp DE increased its position in Lotus Technology Inc. (NASDAQ:LOT - Free Report) by 178.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,560 shares of the company's stock after acquiring an additional 4,848 shares during the quarter. Bank of America Corp DE's holdings in Lotus Technology were worth $27,000 at the end of the most recent quarter. 63.40% of the stock is currently owned by 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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