Lotus Technology (NASDAQ:LOT) Hits New 12-Month Low – Should You Sell?

Lotus Technology Inc. (NASDAQ:LOT)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $3.96 and last traded at $4.18, with a volume of 272422 shares. The stock had previously closed at $4.45.

Lotus Technology Price Performance

The business’s fifty day simple moving average is $4.65 and its 200 day simple moving average is $6.12. The company has a debt-to-equity ratio of 7.93, a quick ratio of 0.49 and a current ratio of 0.70. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of -3.51 and a beta of 0.14.

Lotus Technology (NASDAQ:LOT) last issued its quarterly earnings results on Wednesday, August 28th. The company reported ($0.30) earnings per share (EPS) for the quarter. The company had revenue of $225.03 million for the quarter.

Hedge Funds Weigh In On Lotus Technology

A hedge fund recently bought a new stake in Lotus Technology stock. State Street Corp purchased a new position in shares of Lotus Technology Inc. (NASDAQ:LOT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,533 shares of the company’s stock, valued at approximately $58,000. 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.