Lotus Technology Inc. (NASDAQ:LOT - Get Free Report)'s stock price dropped 6% during trading on Tuesday . The stock traded as low as $2.02 and last traded at $2.03. Approximately 51,986 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 143,358 shares. The stock had previously closed at $2.16.
Lotus Technology Price Performance
The company has a market cap of $1.39 billion, a P/E ratio of -1.31 and a beta of 0.43. The business has a 50-day moving average of $1.71 and a two-hundred day moving average of $2.57.
Lotus Technology (NASDAQ:LOT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported ($0.66) earnings per share for the quarter. The firm had revenue of $271.53 million for the quarter.
Institutional Investors Weigh In On Lotus Technology
A number of institutional investors have recently modified their holdings of LOT. Mariner LLC purchased a new position in Lotus Technology during the fourth quarter worth approximately $1,426,000. Townsquare Capital LLC acquired a new stake in Lotus Technology in the 4th quarter valued at $236,000. Orion Portfolio Solutions LLC purchased a new stake in Lotus Technology in the 4th quarter worth $165,000. Tidal Investments LLC raised its position in Lotus Technology by 39.0% during the fourth quarter. Tidal Investments LLC now owns 110,270 shares of the company's stock worth $401,000 after acquiring an additional 30,933 shares during the period. Finally, Savant Capital LLC acquired a new position in Lotus Technology during the fourth quarter worth $109,000. 63.40% of the stock is currently owned by institutional investors and hedge funds.
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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