Lotus Technology Inc. Sponsored ADR (NASDAQ:LOT - Get Free Report)'s share price dropped 1.9% on Thursday . The company traded as low as $1.93 and last traded at $2.04. Approximately 195,880 shares changed hands during mid-day trading, an increase of 144% from the average daily volume of 80,300 shares. The stock had previously closed at $2.08.
Lotus Technology Price Performance
The business's 50-day moving average is $2.18 and its two-hundred day moving average is $2.03. The firm has a market cap of $1.39 billion, a P/E ratio of -1.33 and a beta of 0.44.
Lotus Technology (NASDAQ:LOT - Get Free Report) last issued its earnings results on Wednesday, June 25th. The company reported ($0.28) EPS for the quarter. The firm had revenue of $92.82 million during the quarter.
Institutional Trading of Lotus Technology
Institutional investors have recently added to or reduced their stakes in the company. Townsquare Capital LLC acquired a new position in Lotus Technology in the 4th quarter valued at $236,000. Mariner LLC acquired a new position in Lotus Technology in the 4th quarter valued at $1,426,000. Marshall Wace LLP acquired a new position in shares of Lotus Technology in the 4th quarter valued at approximately $63,000. Jane Street Group LLC acquired a new position in shares of Lotus Technology in the 4th quarter valued at approximately $37,000. Finally, Bank of America Corp DE raised its position 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 in the last quarter. 63.40% of the stock is currently 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.
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