Townsquare Capital LLC Makes New $236,000 Investment in Lotus Technology Inc. (NASDAQ:LOT)

Townsquare Capital LLC bought a new position in Lotus Technology Inc. (NASDAQ:LOT) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 65,296 shares of the company’s stock, valued at approximately $236,000.

Other institutional investors have also made changes to their positions in the company. State Street Corp purchased a new position in shares of Lotus Technology during the third quarter valued at $58,000. Tidal Investments LLC purchased a new position in Lotus Technology during the 3rd quarter valued at about $402,000. JPMorgan Chase & Co. acquired a new position in shares of Lotus Technology in the 3rd quarter valued at about $32,000. Merit Financial Group LLC purchased a new stake in shares of Lotus Technology in the fourth quarter worth approximately $46,000. Finally, Drive Wealth Management LLC acquired a new stake in shares of Lotus Technology during the fourth quarter worth approximately $89,000. 63.40% of the stock is owned by hedge funds and other institutional investors.

Lotus Technology Stock Performance

Lotus Technology stock opened at $1.29 on Wednesday. Lotus Technology Inc. has a twelve month low of $1.06 and a twelve month high of $13.85. The firm has a market cap of $873.63 million, a PE ratio of -0.83 and a beta of 0.28. The firm’s 50 day moving average price is $1.74 and its two-hundred day moving average price is $3.10.

Lotus Technology (NASDAQ:LOT) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported ($0.66) earnings per share for the quarter.

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.