Shares of Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) fell 7.6% on Monday . The company traded as low as $1.24 and last traded at $1.28. 155,373 shares were traded during trading, an increase of 4% from the average session volume of 149,690 shares. The stock had previously closed at $1.39.
Lotus Technology Stock Performance
The firm's 50-day moving average price is $1.91 and its two-hundred day moving average price is $3.28. The firm has a market cap of $799.13 million, a PE ratio of -0.76 and a beta of 0.28.
Institutional Investors Weigh In On Lotus Technology
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new stake in shares of Lotus Technology during the third quarter worth about $32,000. Bleakley Financial Group LLC purchased a new position in Lotus Technology during the 4th quarter worth approximately $48,000. Tidal Investments LLC purchased a new position in Lotus Technology during the 3rd quarter worth approximately $402,000. Merit Financial Group LLC acquired a new position in Lotus Technology during the fourth quarter worth approximately $46,000. Finally, State Street Corp purchased a new stake in Lotus Technology in the third quarter valued at approximately $58,000. 63.40% of the stock is owned by hedge funds and other 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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