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

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

Lotus Technology Stock Up 1.5 %

The firm has a fifty day moving average of $4.52 and a 200 day moving average of $5.94. The stock has a market cap of $2.75 billion, a PE ratio of -2.60 and a beta of 0.14. The company has a quick ratio of 0.46, a current ratio of 0.61 and a debt-to-equity ratio of 7.93.

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

Institutional Trading of Lotus Technology

An institutional investor recently bought a new position in Lotus Technology stock. Tidal Investments LLC bought a new stake in Lotus Technology Inc. (NASDAQ:LOT) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 79,337 shares of the company’s stock, valued at approximately $402,000. 63.40% of the stock is owned by institutional investors and hedge funds.

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.