Shares of Lotus Technology Inc. (NASDAQ:LOT – Get Free Report) saw an uptick in trading volume on Friday . 102,272 shares changed hands during mid-day trading, a decline of 24% from the previous session’s volume of 134,506 shares.The stock last traded at $1.71 and had previously closed at $1.81.

Lotus Technology Price Performance

The stock has a market capitalization of $1.10 billion, a P/E ratio of -1.04 and a beta of 0.14. The company has a fifty day moving average of $2.88 and a two-hundred day moving average of $3.97.

Institutional Trading of Lotus Technology

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in shares of Lotus Technology by 178.8% during the fourth quarter. Bank of America Corp DE now owns 7,560 shares of the company’s stock valued at $27,000 after purchasing an additional 4,848 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Lotus Technology during the third quarter valued at approximately $32,000. Jane Street Group LLC bought a new position in shares of Lotus Technology during the fourth quarter valued at approximately $37,000. Merit Financial Group LLC bought a new position in shares of Lotus Technology during the fourth quarter valued at approximately $46,000. Finally, Bleakley Financial Group LLC bought a new position in shares of Lotus Technology during the fourth quarter valued at approximately $48,000. 63.40% of the stock is owned by institutional investors.

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.

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