Lotus Technology Inc. (NASDAQ:LOT - Get Free Report)'s stock price rose 5.6% on Thursday . The stock traded as high as $2.17 and last traded at $2.17. Approximately 58,451 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 141,618 shares. The stock had previously closed at $2.05.
Lotus Technology Trading Up 1.8%
The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of -1.42 and a beta of 0.43. The firm's fifty day simple moving average is $1.74 and its two-hundred day simple moving average is $2.54.
Lotus Technology (NASDAQ:LOT - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported ($0.66) earnings per share for the quarter. The business had revenue of $271.53 million for the quarter.
Institutional Investors Weigh In On Lotus Technology
A number of institutional investors and hedge funds have recently made changes to their positions in LOT. Mariner LLC purchased a new stake in shares of Lotus Technology in the 4th quarter valued at approximately $1,426,000. Townsquare Capital LLC purchased a new stake in shares of Lotus Technology in the 4th quarter valued at approximately $236,000. Orion Portfolio Solutions LLC purchased a new stake in shares of Lotus Technology in the 4th quarter valued at approximately $165,000. Tidal Investments LLC raised 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 acquiring an additional 30,933 shares during the period. Finally, Savant Capital LLC purchased a new stake in shares of Lotus Technology in the 4th quarter valued at approximately $109,000. 63.40% of the stock is 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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