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

Lotus Technology Inc. (NASDAQ:LOT) hit a new 52-week low during trading on Saturday . The stock traded as low as $3.05 and last traded at $3.19, with a volume of 114815 shares traded. The stock had previously closed at $3.21.

Lotus Technology Price Performance

The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of -2.04 and a beta of 0.13. The business has a fifty day moving average price of $3.76 and a 200 day moving average price of $4.69.

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

Institutional Investors Weigh In On Lotus Technology

A number of institutional investors have recently added to or reduced their stakes in LOT. Tidal Investments LLC bought a new stake in shares of Lotus Technology in the 3rd quarter worth about $402,000. Drive Wealth Management LLC bought a new position in Lotus Technology in the fourth quarter valued at approximately $89,000. Merit Financial Group LLC acquired a new stake in Lotus Technology during the 4th quarter worth $46,000. State Street Corp acquired a new stake in Lotus Technology during the 3rd quarter worth $58,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Lotus Technology during the 3rd quarter valued at $32,000. 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.