Lotus Technology Inc. Sponsored ADR (NASDAQ:LOT - Get Free Report)'s share price shot up 3.2% during mid-day trading on Wednesday . The company traded as high as $2.30 and last traded at $2.26. 113,300 shares traded hands during trading, a decline of 18% from the average session volume of 138,752 shares. The stock had previously closed at $2.19.
Lotus Technology Price Performance
The company's fifty day moving average is $2.19 and its 200-day moving average is $2.19. The stock has a market cap of $1.60 billion, a PE ratio of -1.53 and a beta of 0.45.
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 for the quarter. The firm had revenue of $92.82 million for the quarter.
Hedge Funds Weigh In On Lotus Technology
Large investors have recently bought and sold shares of the company. Mariner LLC acquired a new position in shares of Lotus Technology during the 4th quarter worth $1,426,000. Marshall Wace LLP acquired a new position in shares of Lotus Technology during the 4th quarter worth $63,000. Jane Street Group LLC acquired a new position in shares of Lotus Technology during the 4th quarter worth $37,000. Tidal Investments LLC grew its stake in shares of Lotus Technology by 39.0% during the 4th quarter. Tidal Investments LLC now owns 110,270 shares of the company's stock worth $401,000 after purchasing an additional 30,933 shares during the period. Finally, Momentous Wealth Management Inc. acquired a new position in shares of Lotus Technology during the 4th quarter worth $55,000. Hedge funds and other institutional investors own 63.40% of the company's stock.
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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