Lotus Technology (NASDAQ:LOT) Reaches New 12-Month Low – What’s Next?

Lotus Technology Inc. (NASDAQ:LOT)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as $1.42 and last traded at $1.54, with a volume of 134321 shares trading hands. The stock had previously closed at $1.61.

Lotus Technology Stock Down 3.8 %

The company’s fifty day moving average is $2.53 and its two-hundred day moving average is $3.74. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -0.97 and a beta of 0.14.

Hedge Funds Weigh In On Lotus Technology

Several hedge funds have recently added to or reduced their stakes in LOT. Mariner LLC purchased a new position in Lotus Technology in the fourth quarter valued at approximately $1,426,000. Tidal Investments LLC purchased a new position in Lotus Technology in the third quarter valued at approximately $402,000. Townsquare Capital LLC purchased a new position in Lotus Technology in the fourth quarter valued at approximately $236,000. Orion Portfolio Solutions LLC purchased a new position in Lotus Technology in the fourth quarter valued at approximately $165,000. Finally, Savant Capital LLC purchased a new position in Lotus Technology in the fourth quarter valued at approximately $109,000. 63.40% of the stock is currently owned by hedge funds and other institutional investors.

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.