Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $1.34, but opened at $1.39. Lotus Technology shares last traded at $1.34, with a volume of 5,832 shares trading hands.
Lotus Technology Stock Up 4.3 %
The company's 50-day moving average is $1.61 and its 200-day moving average is $2.99. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of -1.04 and a beta of 0.28.
Lotus Technology (NASDAQ:LOT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported ($0.66) EPS for the quarter. The company had revenue of $271.53 million for the quarter.
Institutional Trading of Lotus Technology
Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in Lotus Technology by 178.8% during the fourth quarter. Bank of America Corp DE now owns 7,560 shares of the company's stock valued at $27,000 after buying an additional 4,848 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of Lotus Technology during the 3rd quarter valued at about $32,000. Jane Street Group LLC bought a new position in shares of Lotus Technology in the fourth quarter worth approximately $37,000. Merit Financial Group LLC purchased a new stake in Lotus Technology in the fourth quarter valued at approximately $46,000. Finally, Bleakley Financial Group LLC purchased a new position in Lotus Technology in the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors 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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