Shares of Lotus Technology Inc. Sponsored ADR (NASDAQ:LOT - Get Free Report) fell 4.9% during mid-day trading on Tuesday . The company traded as low as $2.19 and last traded at $2.15. 40,625 shares traded hands during trading, a decline of 71% from the average session volume of 141,467 shares. The stock had previously closed at $2.26.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Lotus Technology in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Lotus Technology has an average rating of "Sell".
Get Our Latest Stock Analysis on Lotus Technology
Lotus Technology Stock Performance
The company has a market cap of $1.43 billion, a P/E ratio of -1.48 and a beta of 0.44. The firm's fifty day moving average is $2.05 and its two-hundred day moving average is $1.98.
Lotus Technology (NASDAQ:LOT - Get Free Report) last issued its earnings results on Friday, August 29th. The company reported ($0.20) earnings per share for the quarter. The company had revenue of $125.50 million for the quarter.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd bought a new position in shares of Lotus Technology in the 2nd quarter valued at about $34,000. Jane Street Group LLC bought a new position in shares of Lotus Technology in the 4th quarter valued at about $37,000. Finally, Bank of America Corp DE lifted its holdings in shares of Lotus Technology by 178.8% in the 4th quarter. Bank of America Corp DE now owns 7,560 shares of the company's stock valued at $27,000 after acquiring an additional 4,848 shares during the last quarter. Institutional investors own 63.40% of the company's stock.
Lotus Technology Company Profile
(
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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