Lotus Technology (NASDAQ:LOT) Reaches New 12-Month Low – Time to Sell?

Lotus Technology Inc. (NASDAQ:LOT) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $1.42 and last traded at $1.46, with a volume of 68107 shares trading hands. The stock had previously closed at $1.58.

Lotus Technology Stock Performance

The firm’s 50-day moving average price is $2.21 and its two-hundred day moving average price is $3.51. The firm has a market cap of $900.72 million, a PE ratio of -0.85 and a beta of 0.14.

Institutional Investors Weigh In On Lotus Technology

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mariner LLC purchased a new stake in shares of Lotus Technology in the 4th quarter valued at about $1,426,000. Tidal Investments LLC boosted its holdings in shares of Lotus Technology by 39.0% in the fourth quarter. Tidal Investments LLC now owns 110,270 shares of the company’s stock valued at $401,000 after acquiring an additional 30,933 shares during the period. Townsquare Capital LLC acquired a new position in shares of Lotus Technology in the 4th quarter valued at $236,000. Orion Portfolio Solutions LLC acquired a new stake in Lotus Technology during the 4th quarter worth $165,000. Finally, Savant Capital LLC purchased a new stake in shares of Lotus Technology during the fourth quarter worth approximately $109,000. 63.40% of the stock is owned by hedge funds and other institutional investors.

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.