Lotus Technology (NASDAQ:LOT) Sets New 1-Year Low – Here’s Why

Lotus Technology Inc. (NASDAQ:LOT) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $3.96 and last traded at $4.18, with a volume of 272422 shares changing hands. The stock had previously closed at $4.45.

Lotus Technology Trading Down 0.9 %

The company has a debt-to-equity ratio of 7.93, a current ratio of 0.70 and a quick ratio of 0.49. The firm has a fifty day simple moving average of $4.63 and a 200 day simple moving average of $6.11.

Lotus Technology (NASDAQ:LOT) last issued its quarterly earnings data on Wednesday, August 28th. The company reported ($0.30) EPS for the quarter. The business had revenue of $225.03 million during the quarter.

Hedge Funds Weigh In On Lotus Technology

An institutional investor recently bought a new position in Lotus Technology stock. State Street Corp bought a new stake in Lotus Technology Inc. (NASDAQ:LOT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,533 shares of the company’s stock, valued at approximately $58,000. Hedge funds and other institutional investors 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.