13,376 Shares in Lotus Technology Inc. (NASDAQ:LOT) Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC acquired a new stake in Lotus Technology Inc. (NASDAQ:LOT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,376 shares of the company’s stock, valued at approximately $48,000.

A number of other institutional investors have also recently made changes to their positions in LOT. Tidal Investments LLC acquired a new stake in shares of Lotus Technology in the 3rd quarter valued at $402,000. Drive Wealth Management LLC purchased a new position in shares of Lotus Technology in the 4th quarter valued at about $89,000. Merit Financial Group LLC acquired a new stake in shares of Lotus Technology during the 4th quarter worth about $46,000. State Street Corp acquired a new position in Lotus Technology in the third quarter valued at approximately $58,000. Finally, JPMorgan Chase & Co. acquired a new stake in Lotus Technology during the third quarter worth approximately $32,000. Institutional investors and hedge funds own 63.40% of the company’s stock.

Lotus Technology Trading Down 10.0 %

Shares of NASDAQ:LOT opened at $2.24 on Thursday. The firm has a 50 day simple moving average of $3.37 and a 200-day simple moving average of $4.36. Lotus Technology Inc. has a twelve month low of $2.21 and a twelve month high of $17.99. The company has a market capitalization of $1.52 billion, a PE ratio of -1.44 and a beta of 0.09.

Lotus Technology (NASDAQ:LOT) last issued its quarterly earnings data on Thursday, November 21st. The company reported ($0.30) earnings per share (EPS) for the quarter.

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.