LeddarTech (NASDAQ:LDTC) Price Target Cut to $5.00

LeddarTech (NASDAQ:LDTCFree Report) had its price objective lowered by Roth Mkm from $7.00 to $5.00 in a research report released on Tuesday, Benzinga reports. Roth Mkm currently has a buy rating on the stock.

LeddarTech Price Performance

Shares of NASDAQ LDTC opened at $2.17 on Tuesday. The company’s 50 day moving average is $2.34. LeddarTech has a 52 week low of $2.15 and a 52 week high of $11.20. The company has a quick ratio of 1.02, a current ratio of 1.11 and a debt-to-equity ratio of 10.09.

Institutional Trading of LeddarTech

A hedge fund recently bought a new stake in LeddarTech stock. Cowen AND Company LLC bought a new position in shares of LeddarTech Holdings Inc. (NASDAQ:LDTCFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 104,310 shares of the company’s stock, valued at approximately $266,000. Cowen AND Company LLC owned 2.38% of LeddarTech at the end of the most recent quarter. 9.62% of the stock is currently owned by hedge funds and other institutional investors.

LeddarTech Company Profile

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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.

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