Lotus Technology (NASDAQ:LOT) Hits New 1-Year Low – Time to Sell?

Lotus Technology Inc. (NASDAQ:LOT) shares hit a new 52-week low on Friday . The stock traded as low as $3.94 and last traded at $3.96, with a volume of 93687 shares changing hands. The stock had previously closed at $4.00.

Lotus Technology Stock Up 1.5 %

The company’s 50-day simple moving average is $4.54 and its two-hundred day simple moving average is $5.98. The company has a debt-to-equity ratio of 7.93, a quick ratio of 0.46 and a current ratio of 0.61. The firm has a market cap of $2.75 billion, a PE ratio of -2.56 and a beta of 0.14.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lotus Technology stock. Tidal Investments LLC purchased a new position in Lotus Technology Inc. (NASDAQ:LOT) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 79,337 shares of the company’s stock, valued at approximately $402,000. Institutional investors 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.