Shares of Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $2.19, but opened at $2.13. Lotus Technology shares last traded at $2.03, with a volume of 105,928 shares traded.
Lotus Technology Stock Performance
The stock's 50 day simple moving average is $2.31 and its 200-day simple moving average is $3.59. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -1.15 and a beta of 0.14.
Institutional Trading of Lotus Technology
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LOT. Tidal Investments LLC boosted its position in Lotus Technology by 39.0% in the fourth quarter. Tidal Investments LLC now owns 110,270 shares of the company's stock valued at $401,000 after buying an additional 30,933 shares during the last quarter. Bank of America Corp DE lifted its stake in Lotus Technology by 178.8% during the 4th quarter. Bank of America Corp DE now owns 7,560 shares of the company's stock valued at $27,000 after acquiring an additional 4,848 shares during the period. Jane Street Group LLC purchased a new stake in shares of Lotus Technology in the 4th quarter valued at $37,000. Marshall Wace LLP acquired a new stake in shares of Lotus Technology in the fourth quarter worth $63,000. Finally, Mariner LLC purchased a new position in shares of Lotus Technology during the fourth quarter worth $1,426,000. Institutional investors and hedge funds own 63.40% of the company's stock.
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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