Lotus Technology Inc. (NASDAQ:LOT - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $1.34, but opened at $1.39. Lotus Technology shares last traded at $1.34, with a volume of 5,832 shares traded.
Lotus Technology Stock Performance
The stock has a market cap of $896.66 million, a PE ratio of -0.85 and a beta of 0.28. The company's 50-day moving average price is $1.65 and its two-hundred day moving average price is $3.02.
Lotus Technology (NASDAQ:LOT - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported ($0.66) EPS for the quarter. The company had revenue of $271.53 million during the quarter.
Institutional Trading of Lotus Technology
Several institutional investors and hedge funds have recently bought and sold shares of LOT. Bank of America Corp DE increased its stake in shares of Lotus Technology by 178.8% during the fourth quarter. Bank of America Corp DE now owns 7,560 shares of the company's stock valued at $27,000 after purchasing an additional 4,848 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Lotus Technology during the third quarter valued at approximately $32,000. Jane Street Group LLC bought a new position in shares of Lotus Technology during the fourth quarter valued at approximately $37,000. Merit Financial Group LLC bought a new position in shares of Lotus Technology during the fourth quarter valued at approximately $46,000. Finally, Bleakley Financial Group LLC bought a new position in shares of Lotus Technology during the fourth quarter valued at approximately $48,000. 63.40% of the stock is currently owned by hedge funds and other 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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