Lotus Technology (NASDAQ:LOT) Shares Gap Down – Time to Sell?

Lotus Technology Inc. Sponsored ADR (NASDAQ:LOTGet Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $1.10, but opened at $1.03. Lotus Technology shares last traded at $1.06, with a volume of 2,104 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lotus Technology in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Check Out Our Latest Stock Report on Lotus Technology

Lotus Technology Stock Up 1.9%

The stock has a market cap of $680.62 million, a PE ratio of -1.47 and a beta of 0.49. The stock has a 50-day moving average of $1.23 and a 200 day moving average of $1.24.

Institutional Trading of Lotus Technology

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in shares of Lotus Technology by 178.8% during the 4th quarter. Bank of America Corp DE now owns 7,560 shares of the company’s stock worth $27,000 after buying an additional 4,848 shares during the last quarter. Jane Street Group LLC raised its position in shares of Lotus Technology by 64.1% during the 1st quarter. Jane Street Group LLC now owns 16,966 shares of the company’s stock valued at $27,000 after buying an additional 6,629 shares during the period. Finally, XTX Topco Ltd lifted its holdings in Lotus Technology by 21.3% in the fourth quarter. XTX Topco Ltd now owns 54,711 shares of the company’s stock valued at $77,000 after acquiring an additional 9,605 shares during the last quarter. Hedge funds and other institutional investors own 63.40% of the company’s stock.

Lotus Technology Company Profile

(Get Free Report)

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.

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