Lotus Technology Inc. Sponsored ADR (NASDAQ:LOT - Get Free Report)'s stock price traded up 5.5% on Friday . The stock traded as high as $2.22 and last traded at $2.27. 15,985 shares changed hands during trading, a decline of 90% from the average session volume of 163,286 shares. The stock had previously closed at $2.15.
Lotus Technology Trading Up 1.2%
The company has a market cap of $1.48 billion, a price-to-earnings ratio of -1.41 and a beta of 0.45. The company has a fifty day moving average price of $2.16 and a two-hundred day moving average price of $2.27.
Lotus Technology (NASDAQ:LOT - Get Free Report) last announced its quarterly earnings results on Wednesday, June 25th. The company reported ($0.28) EPS for the quarter. The company had revenue of $92.82 million during the quarter.
Institutional Investors Weigh In On Lotus Technology
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in shares of Lotus Technology by 178.8% during the fourth quarter. Bank of America Corp DE now owns 7,560 shares of the company's stock worth $27,000 after buying an additional 4,848 shares during the period. Jane Street Group LLC boosted its position in Lotus Technology by 64.1% during the first quarter. Jane Street Group LLC now owns 16,966 shares of the company's stock valued at $27,000 after purchasing an additional 6,629 shares during the last quarter. Momentous Wealth Management Inc. acquired a new position in Lotus Technology during the fourth quarter valued at approximately $55,000. Marshall Wace LLP acquired a new position in Lotus Technology during the fourth quarter valued at approximately $63,000. Finally, Tidal Investments LLC boosted its position in Lotus Technology by 39.0% during the fourth quarter. Tidal Investments LLC now owns 110,270 shares of the company's stock valued at $401,000 after purchasing an additional 30,933 shares during the last quarter. 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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