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

by · The Markets Daily

Lotus Technology Inc. (NASDAQ:LOT – Get Free Report) gapped up before the market opened 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 traded.

Lotus Technology Price Performance

The firm has a market capitalization of $2.44 billion, a P/E ratio of -2.31 and a beta of 0.13. The company has a quick ratio of 0.46, a current ratio of 0.61 and a debt-to-equity ratio of 7.93. The business’s 50 day moving average is $4.03 and its 200-day moving average is $5.01.

Institutional Trading of Lotus Technology

Several large investors have recently bought and sold shares of the business. Tidal Investments LLC acquired a new position in Lotus Technology during the third quarter worth about $402,000. State Street Corp bought a new stake in shares of Lotus Technology during the 3rd quarter valued at approximately $58,000. Finally, JPMorgan Chase & Co. acquired a new position in Lotus Technology during the 3rd quarter worth approximately $32,000. 63.40% of the stock is owned by institutional investors and hedge funds.

Lotus Technology Company Profile

(Get Free Report)

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.

Further Reading