LeddarTech (NASDAQ:LDTC) Trading Down 0.5%

Shares of LeddarTech Holdings Inc. (NASDAQ:LDTC) were down 0.5% during mid-day trading on Thursday . The company traded as low as $2.15 and last traded at $2.15. Approximately 16,417 shares were traded during trading, a decline of 53% from the average daily volume of 35,119 shares. The stock had previously closed at $2.16.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LDTC shares. Roth Mkm initiated coverage on LeddarTech in a research report on Tuesday, February 6th. They set a “buy” rating and a $7.00 price target on the stock. TD Cowen started coverage on LeddarTech in a research report on Friday, January 5th. They set a “market perform” rating on the stock.

LeddarTech Stock Down 0.0 %

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

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

Hedge Funds Weigh In On LeddarTech

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LDTC. FIL Ltd acquired a new position in LeddarTech during the fourth quarter worth $5,263,000. Cowen AND Company LLC acquired a new position in LeddarTech during the fourth quarter worth $266,000. Finally, Goldman Sachs Group Inc. acquired a new position in LeddarTech during the fourth quarter worth $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.