Lotus Technology (NASDAQ:LOT) Sets New 1-Year Low – What’s Next?

Shares of Lotus Technology Inc. (NASDAQ:LOT) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $2.20 and last traded at $2.22, with a volume of 105987 shares. The stock had previously closed at $2.38.

Lotus Technology Price Performance

The firm has a market capitalization of $1.50 billion, a P/E ratio of -1.42 and a beta of 0.10. The company’s 50 day moving average price is $3.15 and its 200 day moving average price is $4.14.

Institutional Investors Weigh In On Lotus Technology

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mariner LLC acquired a new position in shares of Lotus Technology during the fourth quarter valued at $1,426,000. Tidal Investments LLC lifted its position in Lotus Technology by 39.0% during the 4th quarter. Tidal Investments LLC now owns 110,270 shares of the company’s stock valued at $401,000 after purchasing an additional 30,933 shares during the period. Townsquare Capital LLC acquired a new stake in shares of Lotus Technology during the 4th quarter worth approximately $236,000. Orion Portfolio Solutions LLC bought a new stake in shares of Lotus Technology during the fourth quarter worth approximately $165,000. Finally, Savant Capital LLC acquired a new position in Lotus Technology in the fourth quarter valued at approximately $109,000. 63.40% of the stock is owned by institutional investors and hedge funds.

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.