Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) fell 6.7% during trading on Monday . The company traded as low as $1.97 and last traded at $1.89. 30,984 shares were traded 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 Stock Up 2.0 %
The firm has a market cap of $1.35 billion, a price-to-earnings ratio of -1.28 and a beta of 0.27. The stock has a 50 day moving average of $1.55 and a 200 day moving average of $2.84.
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 firm had revenue of $271.53 million for the quarter.
Hedge Funds Weigh In On Lotus Technology
A number of institutional investors have recently modified their holdings of LOT. Mariner LLC bought a new position in shares of Lotus Technology in the fourth quarter worth about $1,426,000. Tidal Investments LLC bought a new position in Lotus Technology in the 3rd quarter valued at approximately $402,000. Townsquare Capital LLC acquired a new stake in Lotus Technology in the fourth quarter valued at approximately $236,000. Orion Portfolio Solutions LLC acquired a new stake in Lotus Technology in the fourth quarter valued at approximately $165,000. Finally, Savant Capital LLC bought a new stake in shares of Lotus Technology during the fourth quarter worth $109,000. 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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