Lotus Technology Inc. Sponsored ADR (NASDAQ:LOT – Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $0.93 and last traded at $0.9660, with a volume of 47632 shares trading hands. The stock had previously closed at $1.02.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Lotus Technology in a report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lotus Technology has an average rating of “Sell”.
View Our Latest Stock Analysis on Lotus Technology
Lotus Technology Price Performance
Hedge Funds Weigh In On Lotus Technology
Hedge funds have recently bought and sold shares of the company. Jane Street Group LLC increased its stake in 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 purchasing an additional 6,629 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Lotus Technology by 178.8% in the fourth 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 in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Lotus Technology during the second quarter valued at approximately $34,000. Institutional investors own 63.40% of the company’s stock.
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.
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