Lotus Technology (NASDAQ:LOT) Trading 0.3% Higher – Time to Buy?

Lotus Technology Inc. (NASDAQ:LOT) shot up 0.3% during trading on Friday . The stock traded as high as $3.98 and last traded at $3.90. 1,332 shares traded hands during trading, a decline of 97% from the average session volume of 52,309 shares. The stock had previously closed at $3.89.

Lotus Technology Price Performance

The company has a market cap of $2.59 billion, a PE ratio of -2.46 and a beta of 0.10. The company has a debt-to-equity ratio of 7.93, a current ratio of 0.61 and a quick ratio of 0.46. The stock’s 50-day moving average is $4.05 and its 200 day moving average is $5.07.

Institutional Trading of Lotus Technology

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

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.