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

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on LDTC shares. Roth Mkm decreased their target price on shares of LeddarTech from $5.00 to $1.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Westpark Capital reissued a “hold” rating on shares of LeddarTech in a research note on Monday, August 19th.

LeddarTech Trading Down 1.8 %

The stock’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 for the quarter, beating the consensus estimate of ($0.34) by $0.16. The company had revenue of $1.04 million during the quarter, compared to analyst estimates of $0.60 million. Research analysts forecast that LeddarTech Holdings Inc. will post -1.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LeddarTech

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