LeddarTech (NASDAQ:LDTC) Earns “Hold” Rating from Westpark Capital

Westpark Capital reiterated their hold rating on shares of LeddarTech (NASDAQ:LDTC) in a research note released on Monday morning, Benzinga reports.

Separately, Roth Mkm dropped their price target 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.

LeddarTech Stock Performance

LDTC opened at $0.49 on Monday. The company’s 50 day moving average is $0.78 and its 200 day moving average is $2.13. The company has a debt-to-equity ratio of 10.09, a current ratio of 1.11 and a quick ratio of 1.02. LeddarTech has a 12-month low of $0.45 and a 12-month high of $11.20.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LeddarTech stock. Cowen AND Company LLC purchased a new stake in shares of LeddarTech Holdings Inc. (NASDAQ:LDTC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 104,310 shares of the company’s stock, valued at approximately $266,000. Cowen AND Company LLC owned approximately 2.38% 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.

About LeddarTech

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.