Lotus Technology (NASDAQ:LOT) Issues Earnings Results

Lotus Technology (NASDAQ:LOT) released its earnings results on Tuesday. The company reported ($0.66) earnings per share (EPS) for the quarter, Zacks reports.

Lotus Technology Trading Up 0.8 %

Shares of LOT traded up $0.01 during trading hours on Tuesday, reaching $1.29. The company had a trading volume of 14,328 shares, compared to its average volume of 155,956. The company has a market capitalization of $873.63 million, a price-to-earnings ratio of -0.83 and a beta of 0.28. Lotus Technology has a 12-month low of $1.06 and a 12-month high of $13.85. The firm has a 50 day simple moving average of $1.76 and a 200-day simple moving average of $3.11.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Lotus Technology stock. Bank of America Corp DE boosted its position in Lotus Technology Inc. (NASDAQ:LOT) by 178.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,560 shares of the company’s stock after purchasing an additional 4,848 shares during the period. Bank of America Corp DE’s holdings in Lotus Technology were worth $27,000 as of its most recent SEC filing. 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.