Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) rose 6% during trading on Monday . The company traded as high as $1.43 and last traded at $1.40. Approximately 15,411 shares were traded during trading, a decline of 90% from the average daily volume of 158,213 shares. The stock had previously closed at $1.32.
Lotus Technology Stock Performance
The firm has a 50 day moving average price of $1.58 and a two-hundred day moving average price of $2.96. The company has a market cap of $1.27 billion, a P/E ratio of -1.20 and a beta of 0.28.
Lotus Technology (NASDAQ:LOT - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported ($0.66) EPS for the quarter. The business had revenue of $271.53 million for the quarter.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new position in shares of Lotus Technology in the third quarter valued at $32,000. Bleakley Financial Group LLC bought a new position in shares of Lotus Technology in the fourth quarter worth approximately $48,000. Tidal Investments LLC bought a new position in shares of Lotus Technology in the 3rd quarter worth $402,000. Mariner LLC purchased a new stake in shares of Lotus Technology during the 4th quarter valued at $1,426,000. Finally, Merit Financial Group LLC bought a new stake in shares of Lotus Technology during the 4th quarter worth $46,000. 63.40% of the stock is currently 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.
Further Reading
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