Lotus Technology (NASDAQ:LOT) Sets New 52-Week Low – Should You Sell?

Lotus Technology Inc. (NASDAQ:LOT) shares hit a new 52-week low during trading on Monday . The stock traded as low as $3.21 and last traded at $3.24, with a volume of 22765 shares. The stock had previously closed at $3.41.

Lotus Technology Trading Down 2.3 %

The company has a market cap of $2.26 billion, a price-to-earnings ratio of -2.19 and a beta of 0.10. The company has a current ratio of 0.61, a quick ratio of 0.46 and a debt-to-equity ratio of 7.93. The firm has a 50-day moving average price of $4.29 and a 200 day moving average price of $5.51.

Institutional Trading of Lotus Technology

A hedge fund recently bought a new stake in Lotus Technology stock. State Street Corp acquired a new position in Lotus Technology Inc. (NASDAQ:LOT) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 11,533 shares of the company’s stock, valued at approximately $58,000. Institutional investors and hedge funds 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.