Lotus Technology Inc. Sponsored ADR (NASDAQ:LOT - Get Free Report) traded down 6.7% during mid-day trading on Thursday . The stock traded as low as $2.36 and last traded at $2.38. Approximately 54,921 shares changed hands during trading, a decline of 60% from the average daily volume of 136,572 shares. The stock had previously closed at $2.55.
Lotus Technology Stock Performance
The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of -1.33 and a beta of 0.43. The business has a fifty day moving average price of $1.99 and a 200 day moving average price of $2.37.
Lotus Technology (NASDAQ:LOT - Get Free Report) last announced its quarterly earnings results on Wednesday, June 25th. The company reported ($0.28) EPS for the quarter. The business had revenue of $92.82 million during the quarter.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC lifted its stake in shares of Lotus Technology by 64.1% during the first 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. Tidal Investments LLC raised its holdings in shares of Lotus Technology by 39.0% during the 4th quarter. Tidal Investments LLC now owns 110,270 shares of the company's stock valued at $401,000 after buying an additional 30,933 shares during the period. 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. Marshall Wace LLP purchased a new position in Lotus Technology in the 4th quarter worth approximately $63,000. Finally, Mariner LLC purchased a new position in Lotus Technology in the 4th quarter worth approximately $1,426,000. 63.40% of the stock is 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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