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

Lotus Technology Inc. (NASDAQ:LOT)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $3.91, but opened at $3.80. Lotus Technology shares last traded at $3.95, with a volume of 7,463 shares traded.

Lotus Technology Stock Up 3.2 %

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 company has a market capitalization of $2.82 billion, a PE ratio of -2.67 and a beta of 0.10. The company’s 50 day moving average is $4.13 and its two-hundred day moving average is $5.20.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new position in Lotus Technology during the third quarter valued at approximately $32,000. State Street Corp bought a new position in shares of Lotus Technology during the 3rd quarter valued at approximately $58,000. Finally, Tidal Investments LLC purchased a new position in shares of Lotus Technology in the third quarter valued at $402,000. Hedge funds and other institutional investors own 63.40% of the company’s stock.

Lotus Technology Company Profile

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.