Lotus Technology (NASDAQ:LOT) Shares Gap Down – Here’s What Happened

Lotus Technology Inc. (NASDAQ:LOT)’s share price gapped down prior to trading on Monday . The stock had previously closed at $1.61, but opened at $1.51. Lotus Technology shares last traded at $1.47, with a volume of 14,263 shares traded.

Lotus Technology Stock Up 1.9 %

The firm’s 50-day moving average price is $2.57 and its two-hundred day moving average price is $3.76. The firm has a market capitalization of $1.06 billion, a PE ratio of -1.01 and a beta of 0.14.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Mariner LLC acquired a new stake in shares of Lotus Technology during the fourth quarter worth approximately $1,426,000. Tidal Investments LLC acquired a new stake in shares of Lotus Technology during the third quarter worth approximately $402,000. Townsquare Capital LLC acquired a new stake in shares of Lotus Technology during the fourth quarter worth approximately $236,000. Orion Portfolio Solutions LLC acquired a new stake in shares of Lotus Technology during the fourth quarter worth approximately $165,000. Finally, Savant Capital LLC acquired a new stake in shares of Lotus Technology during the fourth quarter worth approximately $109,000. 63.40% of the stock is owned by hedge funds and other institutional investors.

Lotus Technology Company Profile

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.