Lotus Technology (NASDAQ:LOT - Get Free Report) announced its earnings results on Wednesday. The company reported ($0.28) earnings per share (EPS) for the quarter, Zacks reports.
Lotus Technology Price Performance
Lotus Technology stock traded up $0.13 during trading hours on Wednesday, reaching $2.55. The stock had a trading volume of 141,425 shares, compared to its average volume of 136,864. The company has a market cap of $1.73 billion, a price-to-earnings ratio of -1.47 and a beta of 0.43. The business's 50 day moving average price is $1.96 and its 200-day moving average price is $2.37. Lotus Technology has a 52 week low of $1.06 and a 52 week high of $7.42.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Lotus Technology stock. Jane Street Group LLC grew its position in Lotus Technology Inc. Sponsored ADR (NASDAQ:LOT - Free Report) by 64.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,966 shares of the company's stock after purchasing an additional 6,629 shares during the quarter. Jane Street Group LLC's holdings in Lotus Technology were worth $27,000 at the end of the most recent reporting period. 63.40% of the stock is currently owned by hedge funds and other 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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