Lotus Technology (NASDAQ:LOT) Reaches New 12-Month Low – Time to Sell?

Lotus Technology Inc. (NASDAQ:LOT)’s stock price hit a new 52-week low on Monday . The stock traded as low as $3.88 and last traded at $3.88, with a volume of 47197 shares. The stock had previously closed at $3.93.

Lotus Technology Stock Down 5.2 %

The firm has a market cap of $2.48 billion, a PE ratio of -2.35 and a beta of 0.10. The company has a debt-to-equity ratio of 7.93, a quick ratio of 0.46 and a current ratio of 0.61. The firm’s 50-day moving average price is $4.38 and its two-hundred day moving average price is $5.67.

Hedge Funds Weigh In On Lotus Technology

A hedge fund recently bought a new stake in Lotus Technology stock. State Street Corp acquired a new stake in Lotus Technology Inc. (NASDAQ:LOT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,533 shares of the company’s stock, valued at approximately $58,000. 63.40% of the stock is currently owned by institutional investors and hedge funds.

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.