LeddarTech Holdings Inc. (NASDAQ:LDTC – Get Free Report) shares fell 0.5% during trading on Thursday . The company traded as low as $2.15 and last traded at $2.15. 16,417 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 35,119 shares. The stock had previously closed at $2.16.
Analyst Ratings Changes
A number of brokerages have recently commented on LDTC. TD Cowen initiated coverage on shares of LeddarTech in a report on Friday, January 5th. They issued a “market perform” rating on the stock. Roth Mkm began coverage on LeddarTech in a research note on Tuesday, February 6th. They set a “buy” rating and a $7.00 price target on the stock.
Get Our Latest Stock Report on LDTC
LeddarTech Stock Down 0.5 %
LeddarTech (NASDAQ:LDTC – Get Free Report) last released its earnings results on Wednesday, February 14th. The company reported $0.16 EPS for the quarter. The business had revenue of $1.25 million for the quarter. Analysts forecast that LeddarTech Holdings Inc. will post -0.72 EPS for the current year.
Institutional Investors Weigh In On LeddarTech
A number of institutional investors have recently modified their holdings of the stock. FIL Ltd acquired a new stake in shares of LeddarTech during the fourth quarter worth $5,263,000. Cowen AND Company LLC bought a new stake in shares of LeddarTech during the fourth quarter valued at approximately $266,000. Finally, Goldman Sachs Group Inc. bought a new stake in LeddarTech during the 4th quarter valued at $37,000. Institutional investors and hedge funds own 9.62% of the company’s stock.
LeddarTech Company Profile
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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