Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $1.48 and last traded at $1.52, with a volume of 218197 shares. The stock had previously closed at $1.63.
Lotus Technology Stock Down 1.8 %
The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -1.03 and a beta of 0.14. The company has a 50 day moving average of $2.71 and a 200 day moving average of $3.86.
Hedge Funds Weigh In On Lotus Technology
Institutional investors have recently made changes to their positions in the business. Bank of America Corp DE grew its position in shares of Lotus Technology by 178.8% in the 4th quarter. Bank of America Corp DE now owns 7,560 shares of the company's stock worth $27,000 after acquiring an additional 4,848 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Lotus Technology in the 3rd quarter worth about $32,000. Jane Street Group LLC acquired a new position in Lotus Technology in the fourth quarter valued at approximately $37,000. Merit Financial Group LLC bought a new stake in shares of Lotus Technology in the 4th quarter worth approximately $46,000. Finally, Bleakley Financial Group LLC acquired a new position in Lotus Technology during the 4th quarter valued at approximately $48,000. 63.40% of the stock is owned by institutional investors and hedge funds.
Lotus Technology Company Profile
(
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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