Shares of Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $1.63, but opened at $1.69. Lotus Technology shares last traded at $1.65, with a volume of 18,688 shares trading hands.
Lotus Technology Stock Performance
The firm has a market capitalization of $1.09 billion, a P/E ratio of -1.03 and a beta of 0.14. The firm has a 50-day moving average of $2.71 and a 200-day moving average of $3.86.
Hedge Funds Weigh In On Lotus Technology
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new position in Lotus Technology in the 3rd quarter valued at approximately $32,000. Bank of America Corp DE lifted its holdings in shares of Lotus Technology by 178.8% during the 4th quarter. Bank of America Corp DE now owns 7,560 shares of the company's stock valued at $27,000 after buying an additional 4,848 shares during the period. Jane Street Group LLC bought a new position in shares of Lotus Technology during the 4th quarter valued at $37,000. State Street Corp bought a new position in shares of Lotus Technology during the 3rd quarter valued at $58,000. Finally, Merit Financial Group LLC bought a new position in shares of Lotus Technology during the 4th quarter valued at $46,000. 63.40% of the stock is owned by institutional investors.
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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