LeddarTech (NASDAQ:LDTC) Trading Down 0.5%

LeddarTech Holdings Inc. (NASDAQ:LDTC) fell 0.5% during mid-day trading on Thursday . The company traded as low as $2.15 and last traded at $2.15. 16,417 shares were traded during 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 issued reports on LDTC. TD Cowen began coverage on LeddarTech in a research report on Friday, January 5th. They set a “market perform” rating on the stock. Roth Mkm initiated coverage on LeddarTech in a report on Tuesday, February 6th. They issued a “buy” rating and a $7.00 price objective for the company.

LeddarTech Stock Down 0.0 %

The company has a debt-to-equity ratio of 10.09, a current ratio of 1.82 and a quick ratio of 1.75. The stock’s fifty day moving average price is $3.34.

LeddarTech (NASDAQ:LDTC) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.16 earnings per share for the quarter. The firm had revenue of $1.25 million during the quarter. On average, equities analysts anticipate that LeddarTech Holdings Inc. will post -0.72 EPS for the current year.

Hedge Funds Weigh In On LeddarTech

A number of hedge funds and other institutional investors have recently bought and sold shares of LDTC. Cowen AND Company LLC acquired a new position in LeddarTech in the fourth quarter valued at approximately $266,000. Goldman Sachs Group Inc. acquired a new position in shares of LeddarTech during the fourth quarter worth approximately $37,000. Finally, FIL Ltd acquired a new position in shares of LeddarTech during the fourth quarter worth approximately $5,263,000. 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.