Lotus Technology (NASDAQ:LOT) Stock Price Down 3.9% – What’s Next?

Shares of Lotus Technology Inc. (NASDAQ:LOT) dropped 3.9% during trading on Friday . The stock traded as low as $3.13 and last traded at $3.09. Approximately 12,647 shares traded hands during trading, a decline of 90% from the average daily volume of 123,507 shares. The stock had previously closed at $3.21.

Lotus Technology Price Performance

The business’s fifty day simple moving average is $3.81 and its two-hundred day simple moving average is $4.76. The company has a market cap of $2.16 billion, a PE ratio of -2.04 and a beta of 0.13.

Lotus Technology (NASDAQ:LOT) last announced its earnings results on Thursday, November 21st. The company reported ($0.30) earnings per share for the quarter.

Institutional Trading of Lotus Technology

Several large investors have recently bought and sold shares of LOT. Tidal Investments LLC acquired a new position in shares of Lotus Technology during the 3rd quarter valued at about $402,000. Drive Wealth Management LLC purchased a new stake in shares of Lotus Technology in the 4th quarter valued at approximately $89,000. Merit Financial Group LLC acquired a new stake in shares of Lotus Technology during the 4th quarter worth approximately $46,000. State Street Corp purchased 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 in the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 63.40% of the company’s stock.

About Lotus Technology

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.