Lotus Technology (NASDAQ:LOT) Shares Gap Up – What’s Next?

Lotus Technology Inc. (NASDAQ:LOT)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $4.42, but opened at $4.57. Lotus Technology shares last traded at $4.47, with a volume of 26,199 shares traded.

Lotus Technology Trading Down 3.1 %

The firm has a market cap of $2.92 billion, a price-to-earnings ratio of -3.53 and a beta of 0.14. The business has a fifty day moving average of $4.65 and a two-hundred day moving average of $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.

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

Institutional Investors Weigh In On Lotus Technology

A hedge fund recently bought a new stake in Lotus Technology stock. State Street Corp bought a new stake in Lotus Technology Inc. (NASDAQ:LOT) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 11,533 shares of the company’s stock, valued at approximately $58,000. 63.40% of the stock is owned by institutional investors.

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.