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Lotus Technology (NASDAQ:LOT) Shares Up 6.4% - Still a Buy?

Lotus Technology logo with Auto/Tires/Trucks background

Lotus Technology Inc. (NASDAQ:LOT - Get Free Report)'s stock price was up 6.4% during mid-day trading on Friday . The company traded as high as $3.86 and last traded at $3.84. Approximately 17,658 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 94,379 shares. The stock had previously closed at $3.61.

Lotus Technology Stock Down 1.9 %

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 company has a fifty day moving average price of $4.00 and a 200-day moving average price of $4.99. The firm has a market capitalization of $2.40 billion, a PE ratio of -2.27 and a beta of 0.13.

Institutional Trading of Lotus Technology

Several large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new stake in Lotus Technology in the third quarter valued at approximately $32,000. State Street Corp purchased a new position in shares of Lotus Technology during the 3rd quarter valued at approximately $58,000. Finally, Tidal Investments LLC acquired a new stake in Lotus Technology in the 3rd quarter valued at $402,000. 63.40% of the stock is owned by hedge funds and other 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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