Lotus Technology Inc. (NASDAQ:LOT - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The company traded as high as $1.67 and last traded at $1.63, with a volume of 120273 shares traded. The stock had previously closed at $1.55.
Lotus Technology Price Performance
The firm has a market capitalization of $1.30 billion, a P/E ratio of -1.23 and a beta of 0.27. The firm's fifty day moving average price is $1.56 and its 200-day moving average price is $2.90.
Lotus Technology (NASDAQ:LOT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported ($0.66) earnings per share (EPS) for the quarter. The business had revenue of $271.53 million during the quarter.
Institutional Investors Weigh In On Lotus Technology
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE raised its holdings in shares of Lotus Technology by 178.8% in the 4th 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. acquired a new stake in shares of Lotus Technology during the 3rd quarter valued at $32,000. Jane Street Group LLC bought a new stake in shares of Lotus Technology during the 4th quarter worth $37,000. Merit Financial Group LLC acquired a new position in shares of Lotus Technology in the 4th quarter worth $46,000. Finally, Bleakley Financial Group LLC acquired a new stake in shares of Lotus Technology during the fourth quarter worth $48,000. 63.40% of the stock is owned by institutional investors and hedge funds.
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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