Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) shares were up 6% during mid-day trading on Friday . The company traded as high as $1.55 and last traded at $1.59. Approximately 36,759 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 130,515 shares. The stock had previously closed at $1.50.
Lotus Technology Stock Down 6.4 %
The firm has a market cap of $1.39 billion, a P/E ratio of -1.31 and a beta of 0.14. The business has a fifty day simple moving average of $2.43 and a 200-day simple moving average of $3.65.
Institutional Trading of Lotus Technology
Hedge funds have recently made changes to their positions in the stock. State Street Corp purchased a new stake in shares of Lotus Technology in the third quarter worth $58,000. Tidal Investments LLC purchased a new stake in Lotus Technology during the 3rd quarter valued at about $402,000. JPMorgan Chase & Co. bought a new stake in Lotus Technology during the 3rd quarter valued at about $32,000. Merit Financial Group LLC bought a new stake in Lotus Technology during the 4th quarter valued at about $46,000. Finally, Drive Wealth Management LLC purchased a new position in Lotus Technology in the fourth quarter worth about $89,000. 63.40% of the stock is owned by institutional investors.
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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