LeddarTech (NASDAQ:LDTC) Trading Down 1.8% – Should You Sell?

LeddarTech Holdings Inc. (NASDAQ:LDTC) was down 1.8% during mid-day trading on Friday . The company traded as low as $0.30 and last traded at $0.32. Approximately 57,883 shares traded hands during trading, a decline of 36% from the average daily volume of 90,058 shares. The stock had previously closed at $0.32.

Analysts Set New Price Targets

LDTC has been the topic of a number of research analyst reports. Westpark Capital reiterated a “hold” rating on shares of LeddarTech in a report on Monday, August 19th. Roth Mkm decreased their price target on shares of LeddarTech from $5.00 to $1.00 and set a “buy” rating on the stock in a report on Friday, August 16th.

LeddarTech Price Performance

The company’s fifty day moving average price is $0.30 and its 200 day moving average price is $0.88.

LeddarTech (NASDAQ:LDTC) last posted its earnings results on Wednesday, August 14th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.16. The firm had revenue of $1.04 million for the quarter, compared to analyst estimates of $0.60 million. Analysts anticipate that LeddarTech Holdings Inc. will post -1.11 earnings per share for the current fiscal year.

Institutional Trading of LeddarTech

A hedge fund recently bought a new stake in LeddarTech stock. Walleye Trading LLC purchased a new stake in shares of LeddarTech Holdings Inc. (NASDAQ:LDTC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 98,692 shares of the company’s stock, valued at approximately $29,000. Walleye Trading LLC owned 0.34% of LeddarTech at the end of the most recent reporting period. 9.62% of the stock is currently owned by hedge funds and other institutional investors.

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.