Lotus Technology Inc. (NASDAQ:LOT - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $1.32, but opened at $1.45. Lotus Technology shares last traded at $1.28, with a volume of 47,177 shares traded.
Lotus Technology Trading Up 2.3 %
The business's 50 day moving average price is $1.78 and its two-hundred day moving average price is $3.15. The stock has a market cap of $887.17 million, a P/E ratio of -0.84 and a beta of 0.28.
Hedge Funds Weigh In On Lotus Technology
Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. bought a new stake in Lotus Technology during the 3rd quarter valued at approximately $32,000. Bleakley Financial Group LLC bought a new position in shares of Lotus Technology during the 4th quarter valued at about $48,000. Tidal Investments LLC bought a new position in Lotus Technology during the third quarter valued at approximately $402,000. Merit Financial Group LLC purchased a new position in Lotus Technology during the 4th quarter valued at approximately $46,000. Finally, State Street Corp bought a new position in Lotus Technology during the third quarter valued at $58,000. 63.40% of the stock is owned by institutional investors.
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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