Lotus Technology Inc. (NASDAQ:LOT - Get Free Report)'s stock price dropped 5.9% on Wednesday . The stock traded as low as $2.85 and last traded at $2.84. Approximately 127,413 shares traded hands during mid-day trading, a decline of 6% from the average daily volume of 135,248 shares. The stock had previously closed at $3.02.
Lotus Technology Stock Down 0.8 %
The business's fifty day moving average is $3.22 and its 200-day moving average is $4.22. The company has a market cap of $1.74 billion, a PE ratio of -1.65 and a beta of 0.09.
Lotus Technology (NASDAQ:LOT - Get Free Report) last issued its quarterly earnings results on Thursday, November 21st. The company reported ($0.30) earnings per share for the quarter.
Hedge Funds Weigh In On Lotus Technology
Several institutional investors and hedge funds have recently bought and sold shares of LOT. JPMorgan Chase & Co. bought a new position in shares of Lotus Technology in the third quarter worth about $32,000. Bank of America Corp DE increased its holdings in 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. Jane Street Group LLC bought a new stake in Lotus Technology during the 4th quarter worth approximately $37,000. State Street Corp purchased a new position in Lotus Technology during the third quarter valued at approximately $58,000. Finally, Merit Financial Group LLC bought a new position in shares of Lotus Technology in the fourth quarter worth approximately $46,000. 63.40% of the stock is currently owned by hedge funds and other institutional investors.
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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