State Street Corp Takes Position in Lotus Technology Inc. (NASDAQ:LOT)

State Street Corp purchased a new stake in shares of Lotus Technology Inc. (NASDAQ:LOT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,533 shares of the company’s stock, valued at approximately $58,000.

Lotus Technology Stock Down 1.5 %

LOT opened at $3.83 on Friday. The stock has a market cap of $2.59 billion, a PE ratio of -2.46 and a beta of 0.10. Lotus Technology Inc. has a 1-year low of $3.15 and a 1-year high of $17.99. The company has a current ratio of 0.61, a quick ratio of 0.46 and a debt-to-equity ratio of 7.93. The stock’s fifty day simple moving average is $4.05 and its 200 day simple moving average is $5.07.

Lotus Technology 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.