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Lotus Technology (NASDAQ:LOT) Reaches New 1-Year Low - Here's What Happened

Lotus Technology logo with Auto/Tires/Trucks background

Lotus Technology Inc. (NASDAQ:LOT - Get Free Report)'s share price hit a new 52-week low on Tuesday . The stock traded as low as $4.24 and last traded at $4.31, with a volume of 24264 shares. The stock had previously closed at $4.29.

Lotus Technology Price Performance

The company has a market cap of $2.89 billion, a P/E ratio of -3.52 and a beta of 0.11. The company has a debt-to-equity ratio of 7.93, a quick ratio of 0.49 and a current ratio of 0.70. The firm's fifty day moving average is $4.97 and its two-hundred day moving average is $6.34.

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

Lotus Technology Company Profile

(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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