Lotus Technology (NASDAQ:LOT) Sees Large Volume Increase – What’s Next?

Lotus Technology Inc. (NASDAQ:LOT) saw unusually-high trading volume on Friday . Approximately 74,042 shares were traded during trading, a decline of 41% from the previous session’s volume of 126,041 shares.The stock last traded at $4.39 and had previously closed at $4.03.

Lotus Technology Stock Performance

The company has a debt-to-equity ratio of 7.93, a quick ratio of 0.46 and a current ratio of 0.61. The firm has a 50 day moving average of $4.13 and a 200-day moving average of $5.20. The stock has a market capitalization of $2.80 billion, a PE ratio of -2.65 and a beta of 0.10.

Hedge Funds Weigh In On Lotus Technology

Several hedge funds have recently bought and sold shares of LOT. JPMorgan Chase & Co. bought a new position in Lotus Technology in the third quarter valued at approximately $32,000. State Street Corp bought a new position in Lotus Technology during the 3rd quarter worth about $58,000. Finally, Tidal Investments LLC acquired a new stake in Lotus Technology in the 3rd quarter valued at approximately $402,000. 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.