Lotus Technology Inc. (NASDAQ:LOT - Get Free Report)'s stock price fell 4.5% during mid-day trading on Tuesday . The company traded as low as $2.08 and last traded at $2.04. 43,707 shares traded hands during trading, a decline of 72% from the average session volume of 158,667 shares. The stock had previously closed at $2.13.
Lotus Technology Price Performance
The company has a market capitalization of $1.45 billion, a PE ratio of -1.37 and a beta of 0.27. The stock's 50 day simple moving average is $1.70 and its 200-day simple moving average is $2.61.
Lotus Technology (NASDAQ:LOT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported ($0.66) earnings per share (EPS) for the quarter. The business had revenue of $271.53 million for the quarter.
Institutional Trading of Lotus Technology
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE increased its stake 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 worth $27,000 after purchasing an additional 4,848 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of Lotus Technology during the third quarter worth approximately $32,000. Jane Street Group LLC increased its stake in shares of Lotus Technology by 64.1% during the first quarter. Jane Street Group LLC now owns 16,966 shares of the company's stock worth $27,000 after buying an additional 6,629 shares during the period. Bleakley Financial Group LLC purchased a new stake in shares of Lotus Technology during the fourth quarter worth approximately $48,000. Finally, Blue Barn Wealth LLC purchased a new stake in shares of Lotus Technology during the fourth quarter worth approximately $53,000. 63.40% of the stock is currently owned by hedge funds and other institutional investors.
Lotus Technology Company Profile
(
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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