Lotus Technology Inc. Sponsored ADR (NASDAQ:LOT - Get Free Report)'s stock price traded down 6.7% during trading on Thursday . The stock traded as low as $2.36 and last traded at $2.38. 54,921 shares were traded during trading, a decline of 60% from the average session volume of 136,572 shares. The stock had previously closed at $2.55.
Lotus Technology Trading Down 6.8%
The business has a fifty day moving average of $2.03 and a 200-day moving average of $2.34.
Lotus Technology (NASDAQ:LOT - Get Free Report) last issued its earnings results on Wednesday, June 25th. The company reported ($0.28) earnings per share (EPS) for the quarter. The company had revenue of $92.82 million during the quarter.
Institutional Investors Weigh In On Lotus Technology
Institutional investors have recently made changes to their positions in the company. Blue Barn Wealth LLC acquired a new stake in Lotus Technology in the 4th quarter worth approximately $53,000. Momentous Wealth Management Inc. acquired a new stake in Lotus Technology in the 4th quarter worth approximately $55,000. Orion Portfolio Solutions LLC acquired a new stake in Lotus Technology in the 4th quarter worth approximately $165,000. Townsquare Capital LLC bought a new position in Lotus Technology in the 4th quarter worth $236,000. Finally, Mariner LLC acquired a new position in Lotus Technology during the 4th quarter worth $1,426,000. 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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