Lotus Technology Inc. (NASDAQ:LOT - Get Free Report)'s share price dropped 3.9% during trading on Friday . The stock traded as low as $3.13 and last traded at $3.09. Approximately 12,647 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 123,507 shares. The stock had previously closed at $3.21.
Lotus Technology Stock Performance
The stock's 50-day moving average is $3.76 and its two-hundred day moving average is $4.71. The stock has a market cap of $2.16 billion, a PE ratio of -2.04 and a beta of 0.13.
Lotus Technology (NASDAQ:LOT - Get Free Report) last posted its earnings results on Thursday, November 21st. The company reported ($0.30) earnings per share (EPS) for the quarter.
Hedge Funds Weigh In On Lotus Technology
Several hedge funds and other institutional investors have recently made changes to their positions in LOT. Tidal Investments LLC purchased a new position in Lotus Technology in the third quarter valued at $402,000. Drive Wealth Management LLC acquired a new position in shares of Lotus Technology during the 4th quarter worth about $89,000. Merit Financial Group LLC purchased a new position in shares of Lotus Technology in the 4th quarter valued at about $46,000. State Street Corp purchased a new position in shares of Lotus Technology in the 3rd quarter valued at about $58,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Lotus Technology during the 3rd quarter worth about $32,000. Hedge funds and other institutional investors own 63.40% of the company's stock.
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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