Lotus Technology Inc. (NASDAQ:LOT - Get Free Report)'s stock price traded down 6.7% during mid-day trading on Monday . The company traded as low as $1.97 and last traded at $1.89. 30,984 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 161,630 shares. The stock had previously closed at $2.02.
Lotus Technology Price Performance
The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -1.24 and a beta of 0.27. The firm's fifty day moving average is $1.57 and its 200-day moving average is $2.92.
Lotus Technology (NASDAQ:LOT - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported ($0.66) earnings per share (EPS) for the quarter. The firm had revenue of $271.53 million for the quarter.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. Tidal Investments LLC lifted its stake in Lotus Technology by 39.0% during the fourth quarter. Tidal Investments LLC now owns 110,270 shares of the company's stock worth $401,000 after purchasing an additional 30,933 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Lotus Technology by 178.8% in the 4th 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. Jane Street Group LLC bought a new stake in shares of Lotus Technology during the 4th quarter valued at about $37,000. Marshall Wace LLP acquired a new stake in Lotus Technology during the fourth quarter worth about $63,000. Finally, Mariner LLC acquired a new position in Lotus Technology in the fourth quarter valued at approximately $1,426,000. Institutional investors and hedge funds 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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