Lotus Technology (NASDAQ:LOT) Releases Earnings Results

Lotus Technology (NASDAQ:LOT) issued its earnings results on Tuesday. The company reported ($0.66) EPS for the quarter, Zacks reports.

Lotus Technology Trading Up 0.8 %

LOT stock traded up $0.01 during trading on Tuesday, hitting $1.29. 14,328 shares of the company’s stock were exchanged, compared to its average volume of 155,956. The stock has a market capitalization of $873.63 million, a price-to-earnings ratio of -0.83 and a beta of 0.28. Lotus Technology has a 52-week low of $1.06 and a 52-week high of $13.85. The business has a 50-day moving average price of $1.76 and a two-hundred day moving average price of $3.11.

Hedge Funds Weigh In On Lotus Technology

An institutional investor recently raised its position in Lotus Technology stock. Bank of America Corp DE lifted its position in Lotus Technology Inc. (NASDAQ:LOT) by 178.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,560 shares of the company’s stock after purchasing an additional 4,848 shares during the quarter. Bank of America Corp DE’s holdings in Lotus Technology were worth $27,000 at the end of the most recent quarter. 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.