Lotus Technology Inc. (NASDAQ: LOT) experienced a 6.7% decrease in its stock price on Tuesday, reaching a low of $6.15 and closing at $6.23. Despite the lower trading volume, only 72,611 shares changed hands compared to the daily average of 154,145 shares.
Deutsche Bank Aktiengesellschaft recently initiated coverage on Lotus Technology, giving it a “hold” rating and a target price of $7.00. With a 50-day moving average of $7.86, Lotus Technology has a debt-to-equity ratio of 7.93 and current and quick ratios of 0.78 and 0.57, respectively. The company has a market capitalization of $421.58 million, a PE ratio of -7.42, and a beta of 0.13.
On May 29th, Lotus Technology reported quarterly earnings results, posting earnings per share of ($0.47) and revenue of $173
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