Lotus Technology (NASDAQ:LOT) Reaches New 12-Month Low – What’s Next?

Lotus Technology Inc. (NASDAQ:LOT) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $1.42 and last traded at $1.54, with a volume of 134321 shares traded. The stock had previously closed at $1.61.

Lotus Technology Stock Down 3.8 %

The firm has a market cap of $1.02 billion, a price-to-earnings ratio of -0.97 and a beta of 0.14. The company’s 50-day moving average price is $2.53 and its 200-day moving average price is $3.74.

Institutional Trading of Lotus Technology

Several hedge funds have recently made changes to their positions in LOT. Mariner LLC acquired a new stake in shares of Lotus Technology during the fourth quarter worth about $1,426,000. Tidal Investments LLC acquired a new stake in Lotus Technology in the third quarter valued at approximately $402,000. Townsquare Capital LLC acquired a new stake in Lotus Technology in the fourth quarter valued at approximately $236,000. Orion Portfolio Solutions LLC acquired a new stake in Lotus Technology in the fourth quarter valued at approximately $165,000. Finally, Savant Capital LLC acquired a new stake in Lotus Technology in the fourth quarter valued at approximately $109,000. Institutional investors and hedge funds own 63.40% of the company’s stock.

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.