Orion Portfolio Solutions LLC Invests $165,000 in Lotus Technology Inc. (NASDAQ:LOT)

Orion Portfolio Solutions LLC purchased a new stake in shares of Lotus Technology Inc. (NASDAQ:LOT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 45,594 shares of the company’s stock, valued at approximately $165,000.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new position in shares of Lotus Technology during the 3rd quarter valued at $32,000. Bleakley Financial Group LLC purchased a new position in Lotus Technology in the fourth quarter valued at about $48,000. Tidal Investments LLC acquired a new position in shares of Lotus Technology during the third quarter worth about $402,000. Merit Financial Group LLC purchased a new stake in shares of Lotus Technology in the fourth quarter worth about $46,000. Finally, State Street Corp acquired a new stake in shares of Lotus Technology in the third quarter valued at about $58,000. 63.40% of the stock is currently owned by hedge funds and other institutional investors.

Lotus Technology Stock Performance

Lotus Technology stock opened at $1.17 on Friday. The firm has a market capitalization of $792.36 million, a PE ratio of -0.75 and a beta of 0.28. Lotus Technology Inc. has a one year low of $1.06 and a one year high of $13.85. The stock’s 50 day moving average price is $1.94 and its 200 day moving average price is $3.30.

Lotus Technology Company Profile

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.