Shares of Lotus Technology Inc. Sponsored ADR (NASDAQ:LOT - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 1,360,245 shares changed hands during mid-day trading, an increase of 1,002% from the previous session's volume of 123,442 shares.The stock last traded at $1.2050 and had previously closed at $1.23.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of Lotus Technology in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lotus Technology has a consensus rating of "Sell".
Read Our Latest Analysis on Lotus Technology
Lotus Technology Stock Performance
The stock has a fifty day simple moving average of $1.21 and a two-hundred day simple moving average of $1.34. The stock has a market capitalization of $803.72 million, a price-to-earnings ratio of -1.65 and a beta of 0.49.
Lotus Technology (NASDAQ:LOT - Get Free Report) last issued its quarterly earnings results on Friday, April 10th. The company reported ($0.14) earnings per share for the quarter, topping analysts' consensus estimates of ($0.16) by $0.02. The business had revenue of $163.34 million for the quarter, compared to analyst estimates of $153.86 million. Research analysts forecast that Lotus Technology Inc. Sponsored ADR will post -0.71 earnings per share for the current year.
Institutional Trading of Lotus Technology
A number of large investors have recently bought and sold shares of LOT. XTX Topco Ltd acquired a new stake in Lotus Technology during the 2nd quarter worth about $34,000. Jane Street Group LLC boosted its position in shares of Lotus Technology by 64.1% during the 1st quarter. Jane Street Group LLC now owns 16,966 shares of the company's stock worth $27,000 after purchasing an additional 6,629 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of 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 purchasing an additional 4,848 shares in the last quarter. 63.40% of the stock is currently owned by institutional investors and hedge funds.
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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