Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $3.60, but opened at $3.85. Lotus Technology shares last traded at $3.73, with a volume of 10,906 shares traded.
Lotus Technology Price Performance
The firm has a market capitalization of $2.44 billion, a P/E ratio of -2.31 and a beta of 0.10. The company has a current ratio of 0.61, a quick ratio of 0.46 and a debt-to-equity ratio of 7.93. The firm has a 50 day moving average price of $4.10 and a 200-day moving average price of $5.13.
Hedge Funds Weigh In On Lotus Technology
A number of large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new position in Lotus Technology during the 3rd quarter valued at $32,000. State Street Corp purchased a new stake in shares of Lotus Technology during the third quarter valued at $58,000. Finally, Tidal Investments LLC bought a new position in shares of Lotus Technology in the third quarter worth about $402,000. 63.40% of the stock is owned by hedge funds and other institutional investors.
About Lotus Technology
(
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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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