Lotus Technology Inc. (NASDAQ: LOT) saw a 6.7% decrease in its stock price on Tuesday, trading as low as $6.15 before closing at $6.23. Analysts at Deutsche Bank Aktiengesellschaft recently initiated coverage on the company with a “hold” rating and a price target of $7.00.
The company’s 50-day moving average is $7.86, with a debt-to-equity ratio of 7.93 and a current ratio of 0.78. Lotus Technology has a market cap of $421.58 million and reported ($0.47) earnings per share in its most recent quarterly results. The company generates revenue of $173.08 million.
Lotus Technology Inc. is involved in the design, development, and sale of battery electric lifestyle vehicles globally, as well as distributing sports cars under the Lotus brand. The company is based in Shanghai, China.
Investors and analysts are closely monitoring the performance of Lotus Technology as the company navigates market fluctuations and competitive pressures. Stay up to date on the latest news and analysis on Lotus Technology by signing up for their daily email newsletter on MarketBeat.com.
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