Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) shares traded down 4.3% on Friday . The stock traded as low as $1.60 and last traded at $1.57. 94,112 shares were traded during trading, a decline of 27% from the average session volume of 129,312 shares. The stock had previously closed at $1.64.
Lotus Technology Stock Down 1.8 %
The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -1.03 and a beta of 0.14. The firm's 50 day moving average is $2.67 and its two-hundred day moving average is $3.82.
Institutional Investors Weigh In On Lotus Technology
Several large investors have recently made changes to their positions in the company. Mariner LLC acquired a new stake in shares of Lotus Technology in the fourth quarter valued at approximately $1,426,000. Tidal Investments LLC increased its stake in shares of Lotus Technology by 39.0% in the fourth quarter. Tidal Investments LLC now owns 110,270 shares of the company's stock valued at $401,000 after purchasing an additional 30,933 shares during the period. Townsquare Capital LLC bought a new position in shares of Lotus Technology in the fourth quarter valued at approximately $236,000. Orion Portfolio Solutions LLC bought a new position in shares of Lotus Technology in the fourth quarter valued at approximately $165,000. Finally, Savant Capital LLC bought a new position in shares of Lotus Technology in the fourth quarter valued at approximately $109,000. Institutional investors and hedge funds own 63.40% of the company's stock.
About Lotus Technology
(
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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