Lotus Technology Inc. Sponsored ADR (NASDAQ:LOT - Get Free Report) was down 4.8% during mid-day trading on Wednesday . The company traded as low as $2.06 and last traded at $2.10. Approximately 153,854 shares changed hands during trading, an increase of 12% from the average daily volume of 137,605 shares. The stock had previously closed at $2.20.
Lotus Technology Stock Down 3.2%
The company has a market cap of $1.44 billion, a P/E ratio of -1.38 and a beta of 0.45. The business's 50 day moving average is $2.06 and its 200 day moving average is $2.33.
Lotus Technology (NASDAQ:LOT - Get Free Report) last posted its quarterly earnings results on Wednesday, June 25th. The company reported ($0.28) earnings per share (EPS) for the quarter. The business had revenue of $92.82 million for the quarter.
Institutional Investors Weigh In On Lotus Technology
Several institutional investors have recently bought and sold shares of LOT. Bank of America Corp DE lifted its position in shares of Lotus Technology by 178.8% in the fourth quarter. Bank of America Corp DE now owns 7,560 shares of the company's stock valued at $27,000 after acquiring an additional 4,848 shares in the last quarter. Jane Street Group LLC raised its stake in Lotus Technology by 64.1% in the 1st 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. Blue Barn Wealth LLC purchased a new position in Lotus Technology in the 4th quarter valued at $53,000. Momentous Wealth Management Inc. purchased a new position in Lotus Technology in the 4th quarter valued at $55,000. Finally, Marshall Wace LLP acquired a new stake in Lotus Technology during the 4th quarter worth $63,000. 63.40% of the stock is currently owned by institutional investors and hedge funds.
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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