Shares of Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) were up 7.3% during mid-day trading on Wednesday . The company traded as high as $1.54 and last traded at $1.61. Approximately 39,930 shares changed hands during trading, a decline of 71% from the average daily volume of 137,483 shares. The stock had previously closed at $1.50.
Lotus Technology Stock Performance
The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -1.03 and a beta of 0.14. The business has a 50 day simple moving average of $2.67 and a 200-day simple moving average of $3.82.
Hedge Funds Weigh In On Lotus Technology
Several hedge funds have recently modified their holdings of LOT. State Street Corp bought a new position in shares of Lotus Technology during the 3rd quarter worth approximately $58,000. Tidal Investments LLC bought a new position in shares of Lotus Technology during the 3rd quarter worth approximately $402,000. JPMorgan Chase & Co. bought a new position in shares of Lotus Technology during the 3rd quarter worth approximately $32,000. Merit Financial Group LLC bought a new position in shares of Lotus Technology during the 4th quarter worth approximately $46,000. Finally, Drive Wealth Management LLC bought a new position in shares of Lotus Technology during the 4th quarter worth approximately $89,000. Institutional investors own 63.40% of the company's stock.
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.
Further Reading
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