Lotus Technology (NASDAQ:LOT) Trading Up 6.4% – Time to Buy?

Lotus Technology Inc. (NASDAQ:LOT)’s stock price traded up 6.4% during trading on Friday . The stock traded as high as $3.86 and last traded at $3.84. 17,658 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 94,379 shares. The stock had previously closed at $3.61.

Lotus Technology Price Performance

The stock has a market cap of $2.38 billion, a PE ratio of -2.25 and a beta of 0.13. The firm’s 50-day moving average price is $4.00 and its two-hundred day moving average price is $4.99. The company has a current ratio of 0.61, a quick ratio of 0.46 and a debt-to-equity ratio of 7.93.

Institutional Trading of Lotus Technology

A number of institutional investors have recently made changes to their positions in LOT. State Street Corp purchased a new stake in shares of Lotus Technology in the 3rd quarter valued at $58,000. Tidal Investments LLC acquired a new stake in Lotus Technology during the third quarter valued at $402,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Lotus Technology in the 3rd quarter valued at about $32,000. Institutional investors and hedge funds own 63.40% of the company’s stock.

About Lotus Technology

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.