Lotus Technology (NASDAQ:LOT) Trading Down 4.3% – Time to Sell?

Lotus Technology Inc. (NASDAQ:LOT) shares were down 4.3% on Friday . The company traded as low as $1.60 and last traded at $1.57. Approximately 94,112 shares traded hands during trading, a decline of 27% from the average daily volume of 129,312 shares. The stock had previously closed at $1.64.

Lotus Technology Stock Performance

The company’s fifty day moving average is $2.67 and its two-hundred day moving average is $3.82. The company has a market cap of $1.09 billion, a price-to-earnings ratio of -1.03 and a beta of 0.14.

Institutional Trading of Lotus Technology

Several institutional investors have recently modified their holdings of LOT. Mariner LLC acquired a new position in Lotus Technology during the fourth quarter worth $1,426,000. Tidal Investments LLC purchased a new position in shares of Lotus Technology in the third quarter valued at approximately $402,000. Townsquare Capital LLC acquired a new position in shares of Lotus Technology in the fourth quarter worth $236,000. Orion Portfolio Solutions LLC purchased a new stake in Lotus Technology during the 4th quarter worth about $165,000. Finally, Savant Capital LLC acquired a new stake in Lotus Technology in the fourth quarter valued at approximately $109,000. Institutional investors and hedge funds own 63.40% of the company’s stock.

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.