Shares of Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 102,272 shares traded hands during mid-day trading, a decline of 24% from the previous session's volume of 134,506 shares.The stock last traded at $1.71 and had previously closed at $1.81.
Lotus Technology Trading Down 1.3 %
The firm has a market capitalization of $1.02 billion, a PE ratio of -0.96 and a beta of 0.14. The firm has a 50 day simple moving average of $2.84 and a 200 day simple moving average of $3.92.
Institutional Investors Weigh In On Lotus Technology
Institutional investors have recently modified their holdings of the business. Mariner LLC bought a new position in Lotus Technology during the 4th quarter valued at about $1,426,000. Tidal Investments LLC bought a new position in Lotus Technology during the third quarter valued at approximately $402,000. Townsquare Capital LLC bought a new position in Lotus Technology during the fourth quarter valued at approximately $236,000. Orion Portfolio Solutions LLC purchased a new stake in Lotus Technology in the fourth quarter worth approximately $165,000. Finally, Savant Capital LLC bought a new stake in Lotus Technology in the 4th quarter worth approximately $109,000. 63.40% of the stock is owned by hedge funds and other institutional investors.
Lotus Technology Company Profile
(
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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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