Lotus Technology Inc. (NASDAQ:LOT - Get Free Report)'s share price was up 7.8% during trading on Tuesday . The company traded as high as $2.84 and last traded at $2.75. Approximately 60,650 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 119,055 shares. The stock had previously closed at $2.55.
Lotus Technology Stock Performance
The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of -1.65 and a beta of 0.09. The company has a 50 day moving average price of $3.22 and a two-hundred day moving average price of $4.22.
Lotus Technology (NASDAQ:LOT - Get Free Report) last issued its quarterly earnings results on Thursday, November 21st. The company reported ($0.30) EPS for the quarter.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Bank of America Corp DE increased its stake in Lotus Technology by 178.8% during the 4th quarter. Bank of America Corp DE now owns 7,560 shares of the company's stock worth $27,000 after buying an additional 4,848 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Lotus Technology in the third quarter worth approximately $32,000. Jane Street Group LLC purchased a new stake in shares of Lotus Technology during the fourth quarter worth approximately $37,000. Merit Financial Group LLC acquired a new position in Lotus Technology in the 4th quarter valued at $46,000. Finally, Bleakley Financial Group LLC purchased a new position in Lotus Technology in the 4th quarter valued at $48,000. Institutional investors and hedge funds 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.
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