Shares of Lotus Technology Inc. Sponsored ADR (NASDAQ:LOT - Get Free Report) rose 4.8% during mid-day trading on Monday . The stock traded as high as $2.28 and last traded at $2.30. Approximately 1,881 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 136,543 shares. The stock had previously closed at $2.19.
Lotus Technology Stock Performance
The firm has a market cap of $1.58 billion, a P/E ratio of -1.34 and a beta of 0.43. The business's 50-day simple moving average is $1.94 and its 200 day simple moving average is $2.37.
Lotus Technology (NASDAQ:LOT - Get Free Report) last released its quarterly 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 during the quarter.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of LOT. Jane Street Group LLC lifted its stake in shares of Lotus Technology by 64.1% in the 1st quarter. Jane Street Group LLC now owns 16,966 shares of the company's stock worth $27,000 after purchasing an additional 6,629 shares during the period. Bank of America Corp DE increased its holdings in Lotus Technology by 178.8% during the fourth 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. Blue Barn Wealth LLC bought a new position in Lotus Technology in the fourth quarter worth approximately $53,000. Momentous Wealth Management Inc. purchased a new position in shares of Lotus Technology during the 4th quarter worth $55,000. Finally, Marshall Wace LLP purchased a new position in shares of Lotus Technology during the 4th quarter worth $63,000. 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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