Lotus Technology Inc. (NASDAQ: LOT) experienced a 6.7% decrease in its stock price on Tuesday, with shares trading as low as $6.15 and closing at $6.23. Trading volume was lower than average, with only 72,611 shares changing hands compared to the daily average of 154,145 shares. The stock had closed at $6.68 prior to this decrease.
In other news, Deutsche Bank Aktiengesellschaft initiated coverage on the stock and gave it a “hold” rating with a price target of $7.00. The company’s 50-day simple moving average is $7.86, and it has a debt-to-equity ratio of 7.93, a current ratio of 0.78, and a quick ratio of 0.57. Lotus Technology has a market cap of $421.58 million, a PE ratio of -7.42, and a beta of 0.13.
Recently, Lotus Technology reported its quarterly earnings results on May 29th, posting ($0.47) earnings per share for the quarter and revenue of $173