Lotus Technology Inc. (NASDAQ: LOT) experienced a 6.7% decrease in its stock price on Tuesday, trading as low as $6.15 and closing at $6.23. The trading volume was lower than average, with only 72,611 shares changing hands compared to the daily average of 154,145 shares.
Deutsche Bank Aktiengesellschaft recently initiated coverage on Lotus Technology, with a “hold” rating and a target price of $7.00. The company’s 50-day moving average is $7.86, with a debt-to-equity ratio of 7.93 and current and quick ratios of 0.78 and 0.57, respectively. Lotus Technology has a market capitalization of $421.58 million, a PE ratio of -7.42, and a beta of 0.13.
Lotus Technology reported quarterly earnings results on May 29th, posting earnings per share of ($0.47) and revenue of $173.08 million. The company designs, develops, and sells battery electric lifestyle vehicles and sports cars under the Lotus brand, operating worldwide. Based in Shanghai, China, Lotus Technology is a leading player in the electric vehicle market.
To stay up-to-date on news and ratings for Lotus Technology, you can subscribe to MarketBeat.com’s FREE daily email newsletter.
mCare Digital has introduced the mCareWatch MW-241, which is powered by KORE connectivity. KORE is…
LaVar Arrington II, following in his father's footsteps, has chosen to commit to Penn State…
On Wednesday, June 26, staff and patients of NYC Health + Hospitals/Jacobi celebrated Pride Month…
The New Orleans Pelicans have been receiving more calls about trading Brandon Ingram as options…
According to a Ukrainian officer speaking to BBC News, Russia has been using head-on attacks…
The Bureau of Labor Statistics data released Friday showed that US job growth had slowed…