LeddarTech (NASDAQ:LDTC) Trading Up 8.1% – Here’s Why

LeddarTech Holdings Inc. (NASDAQ:LDTC)’s stock price was up 8.1% during mid-day trading on Friday . The company traded as high as $0.32 and last traded at $0.32. Approximately 113,389 shares traded hands during trading, a decline of 95% from the average daily volume of 2,116,067 shares. The stock had previously closed at $0.30.

LeddarTech Trading Up 8.1%

The stock has a market cap of $9.18 million, a price-to-earnings ratio of -0.10 and a beta of -1.45. The company’s fifty day moving average is $0.43 and its two-hundred day moving average is $0.70.

LeddarTech (NASDAQ:LDTC) last announced its quarterly earnings data on Wednesday, May 14th. The company reported ($0.27) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.27). The company had revenue of $0.17 million during the quarter, compared to analysts’ expectations of $1.29 million. Analysts predict that LeddarTech Holdings Inc. will post -1.01 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LeddarTech stock. Jane Street Group LLC bought a new position in shares of LeddarTech Holdings Inc. (NASDAQ:LDTC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 44,110 shares of the company’s stock, valued at approximately $66,000. Jane Street Group LLC owned approximately 0.15% of LeddarTech as of its most recent filing with the Securities and Exchange Commission (SEC). 9.62% of the stock is currently owned by institutional investors and hedge funds.

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.