Lotus Technology (NASDAQ:LOT) Releases Quarterly Earnings Results

Lotus Technology (NASDAQ:LOT) posted its quarterly earnings data on Wednesday. The company reported ($0.28) earnings per share (EPS) for the quarter, Zacks reports.

Lotus Technology Price Performance

Lotus Technology stock opened at $2.55 on Thursday. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of -1.47 and a beta of 0.43. The firm has a 50-day moving average of $1.99 and a two-hundred day moving average of $2.37. Lotus Technology has a 1 year low of $1.06 and a 1 year high of $7.42.

Institutional Trading of Lotus Technology

A hedge fund recently raised its stake in Lotus Technology stock. Bank of America Corp DE grew its position in Lotus Technology Inc. Sponsored ADR (NASDAQ:LOT) by 178.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,560 shares of the company’s stock after buying an additional 4,848 shares during the quarter. Bank of America Corp DE’s holdings in Lotus Technology were worth $27,000 at the end of the most recent reporting period. 63.40% of the stock is currently 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.