Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) saw unusually-high trading volume on Friday . Approximately 194,097 shares traded hands during mid-day 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 business's 50-day simple moving average is $1.57 and its two-hundred day simple moving average is $2.94. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of -1.29 and a beta of 0.28.
Lotus Technology (NASDAQ:LOT - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported ($0.66) earnings per share for the quarter. The company had revenue of $271.53 million for the quarter.
Institutional Investors Weigh In On Lotus Technology
A number of large investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its position in Lotus Technology by 178.8% during the 4th quarter. Bank of America Corp DE now owns 7,560 shares of the company's stock worth $27,000 after acquiring an additional 4,848 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Lotus Technology during the third quarter worth $32,000. Jane Street Group LLC purchased a new position in shares of Lotus Technology in the fourth quarter valued at $37,000. Merit Financial Group LLC acquired a new stake in Lotus Technology during the 4th quarter valued at $46,000. Finally, Bleakley Financial Group LLC purchased a new stake in Lotus Technology during the 4th quarter worth $48,000. Institutional investors and hedge funds own 63.40% of the company's stock.
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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