Lotus Technology Inc. (NASDAQ:LOT - Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $3.18, but opened at $3.40. Lotus Technology shares last traded at $3.31, with a volume of 6,396 shares.
Lotus Technology Stock Performance
The firm has a fifty day moving average of $3.91 and a 200-day moving average of $4.86. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of -2.22 and a beta of 0.13.
Institutional Investors Weigh In On Lotus Technology
A number of large investors have recently modified their holdings of LOT. JPMorgan Chase & Co. acquired a new position in Lotus Technology during the 3rd quarter worth approximately $32,000. Merit Financial Group LLC purchased a new stake in shares of Lotus Technology during the fourth quarter valued at approximately $46,000. State Street Corp acquired a new position in shares of Lotus Technology during the third quarter worth $58,000. Finally, Tidal Investments LLC purchased a new position in shares of Lotus Technology in the third quarter valued at $402,000. Institutional investors and hedge funds 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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