Lotus Technology (NASDAQ:LOT) Trading 0.3% Higher – Time to Buy?

Shares of Lotus Technology Inc. (NASDAQ:LOT) rose 0.3% during trading on Friday . The company traded as high as $3.98 and last traded at $3.90. Approximately 1,332 shares traded hands during trading, a decline of 97% from the average daily volume of 52,309 shares. The stock had previously closed at $3.89.

Lotus Technology Stock Up 0.3 %

The company has a quick ratio of 0.46, a current ratio of 0.61 and a debt-to-equity ratio of 7.93. The stock has a market cap of $2.64 billion, a PE ratio of -2.50 and a beta of 0.10. The firm has a fifty day moving average of $4.06 and a 200 day moving average of $5.09.

Hedge Funds Weigh In On Lotus Technology

Institutional investors have recently modified their holdings of the business. Tidal Investments LLC purchased a new position in shares of Lotus Technology in the 3rd quarter valued at about $402,000. JPMorgan Chase & Co. purchased a new stake in shares of Lotus Technology during the third quarter worth about $32,000. Finally, State Street Corp purchased a new position in shares of Lotus Technology during the 3rd quarter worth $58,000. 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.