Shares of Lotus Technology Inc. Sponsored ADR (NASDAQ:LOT - Get Free Report) were down 4.8% during trading on Wednesday . The company traded as low as $2.06 and last traded at $2.10. Approximately 153,854 shares traded hands during mid-day 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 Performance
The company has a market cap of $1.49 billion, a P/E ratio of -1.42 and a beta of 0.45. The stock has a 50-day simple moving average of $2.11 and a 200 day simple moving average of $2.30.
Lotus Technology (NASDAQ:LOT - Get Free Report) last posted its 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
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mariner LLC acquired a new stake in shares of Lotus Technology in the 4th quarter valued at $1,426,000. Marshall Wace LLP acquired a new stake in shares of Lotus Technology in the 4th quarter valued at $63,000. Jane Street Group LLC acquired a new stake in shares of Lotus Technology in the 4th quarter valued at $37,000. Tidal Investments LLC increased its stake in shares of Lotus Technology by 39.0% in the 4th quarter. Tidal Investments LLC now owns 110,270 shares of the company's stock valued at $401,000 after buying an additional 30,933 shares during the period. Finally, Momentous Wealth Management Inc. acquired a new stake in shares of Lotus Technology in the 4th quarter valued at $55,000. 63.40% of the stock is owned by institutional investors and hedge funds.
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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