Lotus Technology (NASDAQ:LOT) Stock Price Down 3.8%

Lotus Technology Inc. (NASDAQ:LOT)’s share price fell 3.8% during mid-day trading on Thursday . The stock traded as low as $5.90 and last traded at $6.04. 21,193 shares traded hands during trading, a decline of 84% from the average session volume of 136,691 shares. The stock had previously closed at $6.28.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Lotus Technology in a research report on Monday, April 22nd. They issued a “hold” rating and a $7.00 price target on the stock.

Lotus Technology Stock Performance

The firm has a market cap of $406.70 million, a PE ratio of -7.15 and a beta of 0.13. The company has a quick ratio of 0.57, a current ratio of 0.78 and a debt-to-equity ratio of 7.93. The stock has a fifty day moving average price of $7.65.

Lotus Technology (NASDAQ:LOT) last released its earnings results on Wednesday, May 29th. The company reported ($0.47) EPS for the quarter. The company had revenue of $173.08 million during the quarter.

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.