Lotus Technology (NASDAQ:LOT) Shares Down 1.8% – Time to Sell?

Lotus Technology Inc. Sponsored ADR (NASDAQ:LOT)’s stock price traded down 1.8% during mid-day trading on Thursday . The stock traded as low as $1.07 and last traded at $1.09. 28,656 shares were traded during trading, a decline of 86% from the average session volume of 205,679 shares. The stock had previously closed at $1.11.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Lotus Technology in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lotus Technology has an average rating of “Sell”.

Lotus Technology Price Performance

The firm has a market cap of $739.28 million, a PE ratio of -0.88 and a beta of 0.42. The company has a 50 day simple moving average of $1.32 and a 200-day simple moving average of $1.65.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. XTX Topco Ltd boosted its holdings in Lotus Technology by 21.3% during the 4th quarter. XTX Topco Ltd now owns 54,711 shares of the company’s stock valued at $77,000 after acquiring an additional 9,605 shares during the period. Jane Street Group LLC lifted its position in Lotus Technology by 64.1% in the first quarter. Jane Street Group LLC now owns 16,966 shares of the company’s stock valued at $27,000 after purchasing an additional 6,629 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Lotus Technology by 178.8% during the fourth quarter. Bank of America Corp DE now owns 7,560 shares of the company’s stock valued at $27,000 after purchasing an additional 4,848 shares during the period. 63.40% of the stock is owned by 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.