Lotus Technology Inc. Sponsored ADR (NASDAQ:LOT - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $2.42, but opened at $2.61. Lotus Technology shares last traded at $2.55, with a volume of 63,597 shares traded.
Lotus Technology Stock Up 5.4%
The company has a market capitalization of $1.73 billion, a PE ratio of -1.47 and a beta of 0.43. The firm's 50 day simple moving average is $1.96 and its 200 day simple moving average is $2.37.
Lotus Technology (NASDAQ:LOT - Get Free Report) last announced its quarterly earnings data on Wednesday, June 25th. The company reported ($0.28) EPS for the quarter.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in LOT. Mariner LLC purchased a new stake in Lotus Technology in the 4th quarter valued at about $1,426,000. Marshall Wace LLP purchased a new position in Lotus Technology during the 4th quarter worth $63,000. Blue Barn Wealth LLC purchased a new position in Lotus Technology during the 4th quarter worth $53,000. Jane Street Group LLC bought a new stake in Lotus Technology during the 4th quarter valued at $37,000. Finally, Tidal Investments LLC grew its position 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 in the last quarter. 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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