Lotus Technology (NASDAQ:LOT) Sees Unusually-High Trading Volume – What’s Next?

Shares of Lotus Technology Inc. Sponsored ADR (NASDAQ:LOTGet Free Report) saw unusually-high trading volume on Wednesday . Approximately 159,658 shares were traded during mid-day trading, an increase of 22% from the previous session’s volume of 130,336 shares.The stock last traded at $1.54 and had previously closed at $1.50.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lotus Technology in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Lotus Technology currently has an average rating of “Sell”.

View Our Latest Research Report on Lotus Technology

Lotus Technology Trading Up 2.0%

The stock has a fifty day moving average of $1.72 and a two-hundred day moving average of $1.99. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -1.23 and a beta of 0.43.

Institutional Investors Weigh In On Lotus Technology

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its stake in shares of Lotus Technology by 178.8% in the fourth quarter. Bank of America Corp DE now owns 7,560 shares of the company’s stock worth $27,000 after acquiring an additional 4,848 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Lotus Technology by 64.1% during the first quarter. Jane Street Group LLC now owns 16,966 shares of the company’s stock valued at $27,000 after purchasing an additional 6,629 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Lotus Technology in the second quarter valued at approximately $34,000. Institutional investors own 63.40% of the company’s stock.

About Lotus Technology

(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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