Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $2.49, but opened at $2.61. Lotus Technology shares last traded at $2.55, with a volume of 10,675 shares traded.
Lotus Technology Price Performance
The company has a market cap of $1.73 billion, a P/E ratio of -1.63 and a beta of 0.09. The business has a 50-day moving average of $3.31 and a two-hundred day moving average of $4.31.
Lotus Technology (NASDAQ:LOT - Get Free Report) last released its earnings results on Thursday, November 21st. The company reported ($0.30) earnings per share (EPS) for the quarter.
Institutional Investors Weigh In On Lotus Technology
A number of hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new stake in shares of Lotus Technology during the third quarter valued at about $32,000. Tidal Investments LLC acquired a new stake in Lotus Technology in the 3rd quarter valued at approximately $402,000. Merit Financial Group LLC purchased a new stake in Lotus Technology in the fourth quarter valued at approximately $46,000. State Street Corp acquired a new position in Lotus Technology during the third quarter worth $58,000. Finally, Bleakley Financial Group LLC purchased a new position in shares of Lotus Technology during the fourth quarter worth $48,000. Hedge funds and other institutional investors own 63.40% of the company's stock.
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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