Lotus Technology Inc. (NASDAQ:LOT - Get Free Report)'s share price 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 trading hands.
Lotus Technology Stock Performance
The company has a 50 day moving average of $1.70 and a two-hundred day moving average of $2.60. The stock has a market cap of $1.45 billion, a PE ratio of -1.37 and a beta of 0.27.
Lotus Technology (NASDAQ:LOT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported ($0.66) earnings per share for the quarter. The company had revenue of $271.53 million during the quarter.
Hedge Funds Weigh In On Lotus Technology
Several institutional investors and hedge funds have recently modified their holdings of LOT. Jane Street Group LLC increased its stake in Lotus Technology by 64.1% during the 1st quarter. Jane Street Group LLC now owns 16,966 shares of the company's stock worth $27,000 after buying an additional 6,629 shares in the last quarter. Bank of America Corp DE increased its stake 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 buying an additional 4,848 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in Lotus Technology during the 3rd quarter worth approximately $32,000. Bleakley Financial Group LLC purchased a new stake in Lotus Technology during the 4th quarter worth approximately $48,000. Finally, Blue Barn Wealth LLC purchased a new stake in Lotus Technology during the 4th quarter worth approximately $53,000. Hedge funds and other institutional investors own 63.40% of the company's stock.
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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