Lotus Technology Inc. (NASDAQ:LOT – Get Free Report ) shares fell 6.7% on Tuesday. The stock price fell to a low of $6.15 and was last traded at $6.23. About 72,611 shares were traded during trading, down 53% from the average daily trading volume of 154,145 shares. The stock last closed at $6.68.
Analyst Rating Changes
Meanwhile, Deutsche Bank took over research on Lotus Technology in a research note on Monday, April 22nd, gave the stock a “hold” rating and a $7.00 price target.
View the latest Lotus Technology research report
Lotus Technology shares fall 6.7%
The company’s 50-day simple moving average is $7.86.The company has a debt-to-equity ratio of 7.93, a current ratio of 0.78 and a quick ratio of 0.57.The company has a market capitalization of $421.58 million, a P/E ratio of -7.42 and a beta of 0.13.
Lotus Technology (NASDAQ:LOT – Get free report ) announced its quarterly earnings results on Wednesday, May 29th. The company reported quarterly earnings per share of ($0.47) on revenue of $173.08 million for the quarter.
Lotus Technology Company Profile
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Lotus Technology Inc designs, develops, and sells battery electric lifestyle vehicles worldwide. It also sells sports cars. The company markets its products under the Lotus brand. Lotus Technology Inc is based in Shanghai, China.
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