Lotus Technology Inc. (NASDAQ:LOT - Get Free Report)'s stock price traded up 3.1% during mid-day trading on Tuesday . The stock traded as high as $1.21 and last traded at $1.16. 117,551 shares were traded during mid-day trading, a decline of 22% from the average session volume of 150,860 shares. The stock had previously closed at $1.12.
Lotus Technology Stock Up 0.9 %
The business's 50 day moving average price is $1.91 and its 200-day moving average price is $3.27. The company has a market cap of $799.13 million, a PE ratio of -0.76 and a beta of 0.28.
Hedge Funds Weigh In On Lotus Technology
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LOT. Bank of America Corp DE lifted its stake in shares of Lotus Technology by 178.8% in the fourth quarter. Bank of America Corp DE now owns 7,560 shares of the company's stock worth $27,000 after acquiring an additional 4,848 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in Lotus Technology during the 3rd quarter worth approximately $32,000. Jane Street Group LLC acquired a new position in shares of Lotus Technology in the 4th quarter valued at approximately $37,000. Merit Financial Group LLC purchased a new position in shares of Lotus Technology during the 4th quarter valued at approximately $46,000. Finally, Bleakley Financial Group LLC acquired a new stake in shares of Lotus Technology during the fourth quarter worth approximately $48,000. 63.40% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Stories
Before you consider Lotus Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lotus Technology wasn't on the list.
While Lotus Technology currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
