Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $2.16, but opened at $2.10. Lotus Technology shares last traded at $2.16, with a volume of 294 shares changing hands.
Lotus Technology Price Performance
The company has a market cap of $1.44 billion, a price-to-earnings ratio of -1.37 and a beta of 0.43. The firm has a 50 day simple moving average of $1.70 and a 200-day simple moving average of $2.58.
Lotus Technology (NASDAQ:LOT - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported ($0.66) earnings per share for the quarter. The business had revenue of $271.53 million for the quarter.
Hedge Funds Weigh In On Lotus Technology
Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new stake in Lotus Technology during the third quarter worth about $32,000. Bleakley Financial Group LLC purchased a new stake in Lotus Technology during the 4th quarter worth approximately $48,000. Mariner LLC purchased a new stake in Lotus Technology during the 4th quarter worth approximately $1,426,000. Marshall Wace LLP acquired a new stake in Lotus Technology during the 4th quarter worth approximately $63,000. Finally, Blue Barn Wealth LLC purchased a new position in Lotus Technology in the 4th quarter valued at approximately $53,000. Institutional investors and hedge funds 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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