Lotus Technology Inc. (NASDAQ:LOT – Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $3.76, but opened at $3.89. Lotus Technology shares last traded at $3.83, with a volume of 1,059 shares changing hands.
Lotus Technology Stock Performance
The company has a market cap of $2.44 billion, a price-to-earnings ratio of -2.31 and a beta of 0.13. The company has a debt-to-equity ratio of 7.93, a quick ratio of 0.46 and a current ratio of 0.61. The company has a fifty day moving average of $4.03 and a two-hundred day moving average of $5.01.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new stake in Lotus Technology during the 3rd quarter worth approximately $32,000. Tidal Investments LLC acquired a new position in shares of Lotus Technology during the third quarter worth $402,000. Finally, State Street Corp bought a new stake in shares of Lotus Technology in the third quarter worth $58,000. Institutional investors own 63.40% of the company’s stock.
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.
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