Lotus Technology (NASDAQ:LOT) Hits New 52-Week Low – What’s Next?

Lotus Technology Inc. (NASDAQ:LOT) shares hit a new 52-week low on Tuesday . The stock traded as low as $3.15 and last traded at $3.23, with a volume of 51104 shares changing hands. The stock had previously closed at $3.34.

Lotus Technology Trading Up 11.3 %

The business’s fifty day simple moving average is $3.92 and its 200-day simple moving average is $4.87. The firm has a market cap of $2.40 billion, a P/E ratio of -2.27 and a beta of 0.13.

Institutional Trading of Lotus Technology

Several large investors have recently modified their holdings of the business. Tidal Investments LLC purchased a new stake in Lotus Technology in the 3rd quarter worth approximately $402,000. Merit Financial Group LLC bought a new position in shares of Lotus Technology during the fourth quarter valued at approximately $46,000. State Street Corp purchased a new stake in Lotus Technology in the third quarter worth $58,000. Finally, JPMorgan Chase & Co. bought a new stake in Lotus Technology in the third quarter valued at $32,000. 63.40% of the stock is owned by 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.