Shares of Lotus Technology Inc. (NASDAQ:LOT – Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as $1.42 and last traded at $1.54, with a volume of 134321 shares traded. The stock had previously closed at $1.61.
Lotus Technology Trading Down 4.3 %
The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -0.99 and a beta of 0.14. The firm’s 50-day moving average is $2.62 and its two-hundred day moving average is $3.78.
Hedge Funds Weigh In On Lotus Technology
A number of hedge funds have recently made changes to their positions in LOT. Tidal Investments LLC boosted its stake in 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 last quarter. Bank of America Corp DE boosted its position in Lotus Technology by 178.8% during the fourth quarter. Bank of America Corp DE now owns 7,560 shares of the company’s stock worth $27,000 after acquiring an additional 4,848 shares during the last quarter. Jane Street Group LLC purchased a new stake in Lotus Technology during the 4th quarter valued at about $37,000. Marshall Wace LLP acquired a new stake in Lotus Technology in the 4th quarter valued at about $63,000. Finally, Mariner LLC purchased a new position in Lotus Technology in the 4th quarter worth approximately $1,426,000. 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.
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