Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) dropped 7.7% on Monday . The company traded as low as $3.78 and last traded at $3.84. Approximately 35,719 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 126,415 shares. The stock had previously closed at $4.16.
Lotus Technology Trading Down 13.5 %
The stock has a market cap of $2.44 billion, a price-to-earnings ratio of -2.31 and a beta of 0.10. The company has a quick ratio of 0.46, a current ratio of 0.61 and a debt-to-equity ratio of 7.93. The firm's 50 day moving average is $4.10 and its two-hundred day moving average is $5.13.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in LOT. Tidal Investments LLC purchased a new stake in Lotus Technology in the 3rd quarter worth about $402,000. JPMorgan Chase & Co. acquired a new stake in shares of Lotus Technology in the 3rd quarter valued at $32,000. Finally, State Street Corp acquired a new stake in shares of Lotus Technology in the third quarter worth about $58,000. 63.40% of the stock is currently owned by institutional investors.
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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