Lotus Technology (NASDAQ:LOT) Hits New 52-Week Low - Here's Why

Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) shares reached a new 52-week low during trading on Friday . The stock traded as low as $4.41 and last traded at $4.47, with a volume of 6096 shares trading hands. The stock had previously closed at $4.47.

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Lotus Technology Stock Performance

The stock's 50 day moving average is $5.24 and its two-hundred day moving average is $6.53. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of -3.66 and a beta of 0.11. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 7.93.

Lotus Technology (NASDAQ:LOT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 28th. The company reported ($0.30) earnings per share for the quarter. The firm had revenue of $225.03 million during the quarter.

Lotus Technology Company Profile

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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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