Lotus Technology Inc. (NASDAQ:LOT - Get Free Report)'s stock price rose 4% on Wednesday . The stock traded as high as $2.07 and last traded at $2.07. Approximately 151,680 shares changed hands during mid-day trading, a decline of 4% from the average daily volume of 158,750 shares. The stock had previously closed at $1.99.
Lotus Technology Trading Up 0.9%
The company's 50-day simple moving average is $1.70 and its 200-day simple moving average is $2.60. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -1.38 and a beta of 0.27.
Lotus Technology (NASDAQ:LOT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported ($0.66) earnings per share for the quarter. The company had revenue of $271.53 million during the quarter.
Institutional Investors Weigh In On Lotus Technology
Several large investors have recently added to or reduced their stakes in LOT. JPMorgan Chase & Co. acquired a new stake in Lotus Technology in the third quarter worth $32,000. Bleakley Financial Group LLC bought a new stake in Lotus Technology in the 4th quarter valued at about $48,000. Savant Capital LLC acquired a new position in Lotus Technology during the 4th quarter worth approximately $109,000. Blue Barn Wealth LLC bought a new position in Lotus Technology in the fourth quarter worth approximately $53,000. Finally, Momentous Wealth Management Inc. bought a new position in Lotus Technology in the fourth quarter worth approximately $55,000. Institutional investors and hedge funds 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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