Lotus Technology Inc. Sponsored ADR (NASDAQ:LOT - Get Free Report)'s stock price was up 2% on Friday . The company traded as high as $2.05 and last traded at $2.03. Approximately 186,672 shares were traded during trading, an increase of 178% from the average daily volume of 67,234 shares. The stock had previously closed at $1.99.
Lotus Technology Price Performance
The stock's fifty day simple moving average is $2.10 and its two-hundred day simple moving average is $1.94. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of -1.50 and a beta of 0.44.
Lotus Technology (NASDAQ:LOT - Get Free Report) last announced its earnings results on Friday, August 29th. The company reported ($0.20) earnings per share (EPS) for the quarter. The company had revenue of $125.50 million for the quarter.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in LOT. Jane Street Group LLC increased its stake in shares of Lotus Technology by 64.1% in the first quarter. Jane Street Group LLC now owns 16,966 shares of the company's stock valued at $27,000 after buying an additional 6,629 shares in 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 last quarter. XTX Topco Ltd bought a new stake in Lotus Technology in the 2nd quarter valued at $34,000. Finally, Tidal Investments LLC increased its position in 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 period. 63.40% of the stock is owned by 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.
Further Reading
Before you consider Lotus Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lotus Technology wasn't on the list.
While Lotus Technology currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
