Lotus Technology Inc. (NASDAQ:LOT - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $1.61, but opened at $1.51. Lotus Technology shares last traded at $1.47, with a volume of 14,263 shares.
Lotus Technology Stock Performance
The company's 50 day moving average is $2.49 and its 200 day moving average is $3.72. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -1.01 and a beta of 0.14.
Hedge Funds Weigh In On Lotus Technology
Several institutional investors and hedge funds have recently added to or reduced their stakes in LOT. Bank of America Corp DE lifted its holdings in shares of Lotus Technology by 178.8% during 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 during the period. JPMorgan Chase & Co. bought a new position in Lotus Technology during the third quarter worth about $32,000. Jane Street Group LLC acquired a new stake in Lotus Technology during 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 valued at approximately $46,000. Finally, Bleakley Financial Group LLC acquired a new position in shares of Lotus Technology in the 4th quarter worth approximately $48,000. 63.40% of the stock is currently owned by 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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