Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $3.76, but opened at $3.89. Lotus Technology shares last traded at $3.83, with a volume of 1,059 shares changing hands.
Lotus Technology Trading Up 6.1 %
The company has a debt-to-equity ratio of 7.93, a quick ratio of 0.46 and a current ratio of 0.61. The company's 50-day moving average price is $4.03 and its 200-day moving average price is $5.01. The firm has a market capitalization of $2.70 billion, a PE ratio of -2.56 and a beta of 0.13.
Institutional Investors Weigh In On Lotus Technology
Several institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC purchased a new stake in shares of Lotus Technology during the 3rd quarter worth approximately $402,000. State Street Corp acquired a new stake in shares of Lotus Technology during the third quarter worth about $58,000. Finally, JPMorgan Chase & Co. purchased a new stake in Lotus Technology in the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 63.40% of the company's stock.
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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