Merit Financial Group LLC Invests $46,000 in Lotus Technology Inc. (NASDAQ:LOT)

Merit Financial Group LLC acquired a new stake in shares of Lotus Technology Inc. (NASDAQ:LOT) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,760 shares of the company’s stock, valued at approximately $46,000.

A number of other hedge funds have also modified their holdings of the stock. Tidal Investments LLC bought a new position in shares of Lotus Technology in the 3rd quarter valued at about $402,000. State Street Corp bought a new position in Lotus Technology in the third quarter valued at $58,000. Finally, JPMorgan Chase & Co. bought a new stake in Lotus Technology during the third quarter worth about $32,000. 63.40% of the stock is owned by institutional investors and hedge funds.

Lotus Technology Price Performance

Shares of LOT stock opened at $3.19 on Monday. Lotus Technology Inc. has a one year low of $3.05 and a one year high of $17.99. The company has a fifty day moving average price of $3.76 and a two-hundred day moving average price of $4.69. The stock has a market cap of $2.16 billion, a P/E ratio of -2.04 and a beta of 0.13.

Lotus Technology (NASDAQ:LOT) last issued its quarterly earnings data on Thursday, November 21st. The company reported ($0.30) EPS for the quarter.

Lotus Technology 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.