LeddarTech (NASDAQ:LDTC) Trading Down 2.4%

LeddarTech Holdings Inc. (NASDAQ:LDTCGet Free Report) fell 2.4% during trading on Thursday . The company traded as low as $0.85 and last traded at $0.96. 31,999 shares traded hands during mid-day trading, an increase of 13% from the average session volume of 28,247 shares. The stock had previously closed at $0.98.

Analysts Set New Price Targets

Separately, Roth Mkm lowered their price objective on LeddarTech from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Tuesday, May 28th.

View Our Latest Stock Report on LDTC

LeddarTech Price Performance

The company has a debt-to-equity ratio of 10.09, a quick ratio of 1.02 and a current ratio of 1.11. The firm’s 50 day simple moving average is $1.95.

LeddarTech (NASDAQ:LDTCGet Free Report) last released its earnings results on Wednesday, May 15th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.27). The company had revenue of $1.38 million for the quarter, compared to analyst estimates of $0.90 million. On average, sell-side analysts anticipate that LeddarTech Holdings Inc. will post -1.31 earnings per share for the current year.

Institutional Trading of LeddarTech

An institutional investor recently bought a new position in LeddarTech stock. Cowen AND Company LLC purchased a new position in LeddarTech Holdings Inc. (NASDAQ:LDTCFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 104,310 shares of the company’s stock, valued at approximately $266,000. Cowen AND Company LLC owned approximately 2.38% of LeddarTech as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 9.62% of the company’s stock.

LeddarTech Company Profile

(Get Free Report)

LeddarTech Holdings Inc provides AI-based fusion and perception software solutions for advanced driver assistance solutions and autonomous driving applications in Canada. It offers LeddarVision, a raw sensor fusion and perception platform for automotive and off-road industrial vehicles. The company was founded in 2007 and is based in Quebec City, Canada.

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