Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) shares saw an uptick in trading volume on Friday . 194,097 shares changed hands during trading, an increase of 21% from the previous session's volume of 160,689 shares.The stock last traded at $2.08 and had previously closed at $1.87.
Lotus Technology Price Performance
The company has a market capitalization of $1.25 billion, a P/E ratio of -1.19 and a beta of 0.27. The stock has a 50-day moving average price of $1.55 and a 200-day moving average price of $2.89.
Lotus Technology (NASDAQ:LOT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported ($0.66) earnings per share for the quarter. The firm had revenue of $271.53 million during the quarter.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in Lotus Technology by 178.8% during the fourth quarter. Bank of America Corp DE now owns 7,560 shares of the company's stock worth $27,000 after buying an additional 4,848 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in Lotus Technology during the 3rd quarter worth approximately $32,000. Jane Street Group LLC bought a new stake in shares of Lotus Technology in the 4th quarter worth approximately $37,000. Merit Financial Group LLC bought a new stake in shares of Lotus Technology during the 4th quarter valued at about $46,000. Finally, Bleakley Financial Group LLC bought a new position in shares of Lotus Technology during the fourth quarter valued at about $48,000. 63.40% of the stock is currently owned by institutional investors and hedge funds.
About Lotus Technology
(
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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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