Lotus Technology (NASDAQ:LOT) Sets New 12-Month Low – Here’s Why

Lotus Technology Inc. (NASDAQ:LOTGet Free Report)’s share price hit a new 52-week low on Tuesday . The company traded as low as $4.24 and last traded at $4.31, with a volume of 24264 shares trading hands. The stock had previously closed at $4.29.

Lotus Technology Trading Up 2.8 %

The stock has a market cap of $3.01 billion, a P/E ratio of -3.63 and a beta of 0.11. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 7.93. The business’s 50 day simple moving average is $4.92 and its two-hundred day simple moving average is $6.31.

Lotus Technology (NASDAQ:LOTGet Free Report) last announced its quarterly earnings results on Wednesday, August 28th. The company reported ($0.30) EPS for the quarter. The firm had revenue of $225.03 million during the quarter.

About Lotus Technology

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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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