Lotus Technology (NASDAQ:LOT) Trading 5.2% Higher – What’s Next?

Lotus Technology Inc. (NASDAQ:LOT)’s stock price traded up 5.2% during mid-day trading on Monday . The stock traded as high as $2.35 and last traded at $2.35. 123,587 shares traded hands during trading, a decline of 23% from the average session volume of 161,062 shares. The stock had previously closed at $2.23.

Lotus Technology Stock Down 1.8%

The stock has a market cap of $1.49 billion, a PE ratio of -1.40 and a beta of 0.27. The firm has a 50-day simple moving average of $1.61 and a 200-day simple moving average of $2.75.

Lotus Technology (NASDAQ:LOT) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported ($0.66) earnings per share (EPS) for the quarter. The firm had revenue of $271.53 million for the quarter.

Institutional Investors Weigh In On Lotus Technology

Hedge funds have recently added to or reduced their stakes in the stock. Mariner LLC purchased a new position in shares of Lotus Technology in the fourth quarter valued at $1,426,000. Townsquare Capital LLC bought a new stake in shares of Lotus Technology in the 4th quarter valued at about $236,000. Orion Portfolio Solutions LLC purchased a new stake in Lotus Technology in the fourth quarter valued at about $165,000. Tidal Investments LLC increased its position in shares of Lotus Technology by 39.0% in the 4th quarter. Tidal Investments LLC now owns 110,270 shares of the company’s stock valued at $401,000 after acquiring an additional 30,933 shares during the period. Finally, Savant Capital LLC acquired a new position in shares of Lotus Technology in the 4th quarter valued at about $109,000. 63.40% of the stock is currently owned by hedge funds and other institutional investors.

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.