Lotus Technology Inc. (NASDAQ:LOT - Get Free Report)'s stock price fell 8.3% during mid-day trading on Friday . The company traded as low as $2.00 and last traded at $2.05. 71,289 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 136,767 shares. The stock had previously closed at $2.23.
Lotus Technology Stock Down 5.6 %
The stock has a market cap of $1.26 billion, a P/E ratio of -1.19 and a beta of 0.09. The business's 50-day simple moving average is $3.06 and its two-hundred day simple moving average is $4.06.
Hedge Funds Weigh In On Lotus Technology
A number of institutional investors have recently added to or reduced their stakes in LOT. Bank of America Corp DE grew its holdings in shares of Lotus Technology by 178.8% during the fourth quarter. Bank of America Corp DE now owns 7,560 shares of the company's stock worth $27,000 after purchasing an additional 4,848 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in Lotus Technology during the third quarter valued at approximately $32,000. Jane Street Group LLC purchased a new position in Lotus Technology in the 4th quarter worth approximately $37,000. State Street Corp bought a new position in shares of Lotus Technology in the 3rd quarter worth $58,000. Finally, Merit Financial Group LLC bought a new position in shares of Lotus Technology in the 4th quarter worth $46,000. 63.40% of the stock is currently owned by 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.
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