Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) shares dropped 8% on Wednesday . The company traded as low as $3.66 and last traded at $3.67. Approximately 77,541 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 104,364 shares. The stock had previously closed at $3.99.
Lotus Technology Stock Down 9.5 %
The stock has a fifty day moving average price of $4.03 and a 200-day moving average price of $5.01. The firm has a market cap of $2.44 billion, a PE ratio of -2.31 and a beta of 0.13. The company has a debt-to-equity ratio of 7.93, a quick ratio of 0.46 and a current ratio of 0.61.
Hedge Funds Weigh In On Lotus Technology
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC purchased a new position in Lotus Technology in the 3rd quarter valued at about $402,000. State Street Corp purchased a new position in Lotus Technology in the third quarter valued at about $58,000. Finally, JPMorgan Chase & Co. acquired a new stake in Lotus Technology during the 3rd quarter valued at approximately $32,000. 63.40% of the stock is owned by institutional investors and hedge funds.
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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