On Tuesday, Lotus Technology Inc. (NASDAQ: LOT) experienced a 6.7% decrease in its stock price, with shares 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. Prior to this decrease, the stock had closed at $6.68.
The company’s market cap is $421.58 million and it has a PE ratio of -7.42, a beta of 0.13 and a debt-to-equity ratio of 7.93, a current ratio of 0.78 and quick ratio of 0.57 respectively . Despite this, the company’s 50-day simple moving average is $7.86, indicating that investors may view the current dip as short term fluctuations rather than a long term trend..
Lotus Technology recently reported its quarterly earnings results on May 29th, with the company posting ($0.47) earnings per share for the quarter and revenue of $173
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