Lotus Technology Inc. (NASDAQ:LOT - Get Free Report)'s stock price dropped 4.4% during trading on Thursday . The stock traded as low as $1.90 and last traded at $1.94. Approximately 52,793 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 146,134 shares. The stock had previously closed at $2.03.
Lotus Technology Stock Down 11.1 %
The stock has a 50 day simple moving average of $2.31 and a 200 day simple moving average of $3.57. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -1.03 and a beta of 0.14.
Institutional Trading of Lotus Technology
Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new stake in Lotus Technology during the 3rd quarter worth $32,000. Bleakley Financial Group LLC bought a new position in shares of Lotus Technology during the fourth quarter worth about $48,000. Tidal Investments LLC acquired a new position in Lotus Technology in the third quarter worth about $402,000. Merit Financial Group LLC bought a new stake in Lotus Technology in the fourth quarter valued at about $46,000. Finally, State Street Corp acquired a new stake in Lotus Technology during the third quarter valued at approximately $58,000. Hedge funds and other institutional investors own 63.40% of the company's stock.
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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