Lotus Technology (NASDAQ:LOT) Sets New 1-Year Low – Here’s Why

Lotus Technology Inc. (NASDAQ:LOT)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $3.96 and last traded at $4.18, with a volume of 272422 shares traded. The stock had previously closed at $4.45.

Lotus Technology Trading Down 0.9 %

The company has a debt-to-equity ratio of 7.93, a quick ratio of 0.49 and a current ratio of 0.70. The stock has a 50-day moving average of $4.63 and a 200 day moving average of $6.11.

Lotus Technology (NASDAQ:LOT) last announced its quarterly earnings data on Wednesday, August 28th. The company reported ($0.30) EPS for the quarter. The company had revenue of $225.03 million during the quarter.

Institutional Investors Weigh In On Lotus Technology

A hedge fund recently bought a new stake in Lotus Technology stock. State Street Corp bought a new stake in Lotus Technology Inc. (NASDAQ:LOT) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,533 shares of the company’s stock, valued at approximately $58,000. 63.40% of the stock is owned by hedge funds and other institutional investors.

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.