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Lotus Technology (NASDAQ:LOT) Sets New 1-Year Low - Here's What Happened

Lotus Technology logo with Auto/Tires/Trucks background

Lotus Technology Inc. (NASDAQ:LOT - Get Free Report)'s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $4.23 and last traded at $4.23, with a volume of 97284 shares. The stock had previously closed at $4.37.

Lotus Technology Stock Performance

The business's fifty day moving average price is $4.86 and its 200-day moving average price is $6.27. The stock has a market cap of $2.87 billion, a PE ratio of -3.51 and a beta of 0.14. The company has a debt-to-equity ratio of 7.93, a quick ratio of 0.49 and a current ratio of 0.70.

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 business had revenue of $225.03 million during the quarter.

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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