Lotus Technology Inc. (NASDAQ:LOT - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $2.14, but opened at $2.28. Lotus Technology shares last traded at $2.09, with a volume of 34,909 shares trading hands.
Lotus Technology Trading Up 5.9%
The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -1.39 and a beta of 0.43. The stock has a 50-day moving average price of $1.71 and a 200 day moving average price of $2.57.
Lotus Technology (NASDAQ:LOT - Get Free Report) last issued 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 for the quarter.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Mariner LLC acquired a new stake in shares of Lotus Technology during the 4th quarter worth approximately $1,426,000. Townsquare Capital LLC acquired a new stake in shares of Lotus Technology during the 4th quarter worth approximately $236,000. Orion Portfolio Solutions LLC acquired a new stake in shares of Lotus Technology during the 4th quarter worth approximately $165,000. Tidal Investments LLC increased 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 worth $401,000 after buying an additional 30,933 shares during the last quarter. Finally, Savant Capital LLC acquired a new stake in shares of Lotus Technology during the 4th quarter worth approximately $109,000. 63.40% of the stock is owned by hedge funds and other institutional investors.
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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