Lotus Technology (NASDAQ:LOT) Issues Earnings Results

Lotus Technology (NASDAQ:LOT - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported ($0.66) earnings per share for the quarter, Zacks reports. The firm had revenue of $271.53 million for the quarter.

Lotus Technology Price Performance

LOT traded down $0.02 during trading hours on Friday, reaching $1.32. The company's stock had a trading volume of 104,622 shares, compared to its average volume of 158,772. The stock has a market cap of $896.66 million, a PE ratio of -0.85 and a beta of 0.28. Lotus Technology has a fifty-two week low of $1.06 and a fifty-two week high of $13.85. The business's 50-day moving average is $1.65 and its 200-day moving average is $3.03.

Institutional Investors Weigh In On Lotus Technology

A hedge fund recently raised its stake in Lotus Technology stock. Bank of America Corp DE increased its holdings in shares of Lotus Technology Inc. (NASDAQ:LOT - Free Report) by 178.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,560 shares of the company's stock after purchasing an additional 4,848 shares during the quarter. Bank of America Corp DE's holdings in Lotus Technology were worth $27,000 at the end of the most recent reporting period. 63.40% of the stock is owned by hedge funds and other institutional investors.

Lotus Technology Company Profile

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.