Shares of Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) shot up 0.3% during trading on Friday . The stock traded as high as $3.98 and last traded at $3.90. 1,332 shares changed hands during trading, a decline of 97% from the average session volume of 52,309 shares. The stock had previously closed at $3.89.
Lotus Technology Stock Down 1.5 %
The business's fifty day moving average price is $4.06 and its two-hundred day moving average price is $5.09. The company has a debt-to-equity ratio of 7.93, a quick ratio of 0.46 and a current ratio of 0.61. The firm has a market capitalization of $2.59 billion, a P/E ratio of -2.46 and a beta of 0.10.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in LOT. State Street Corp acquired a new stake in Lotus Technology in the 3rd quarter worth approximately $58,000. Tidal Investments LLC purchased a new position in shares of Lotus Technology in the third quarter worth $402,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Lotus Technology during the third quarter worth $32,000. 63.40% of the stock is currently owned by hedge funds and other 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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