Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $2.17, but opened at $2.26. Lotus Technology shares last traded at $2.17, with a volume of 2,296 shares trading hands.
Lotus Technology Price Performance
The stock has a fifty day moving average of $1.82 and a 200-day moving average of $2.46. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of -1.40 and a beta of 0.43.
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 (EPS) for the quarter. The company had revenue of $271.53 million during the quarter.
Institutional Investors Weigh In On Lotus Technology
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LOT. Mariner LLC purchased a new stake in Lotus Technology in the fourth quarter valued at approximately $1,426,000. Townsquare Capital LLC purchased a new stake in Lotus Technology in the fourth quarter valued at approximately $236,000. Orion Portfolio Solutions LLC purchased a new stake in Lotus Technology in the fourth quarter valued at approximately $165,000. Tidal Investments LLC lifted its stake in Lotus Technology by 39.0% in the fourth 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 last quarter. Finally, Savant Capital LLC purchased a new stake in Lotus Technology in the fourth quarter valued at approximately $109,000. 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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