Latch (NASDAQ:LTCH) Trading 4.2% Higher

Latch, Inc. (NASDAQ:LTCHGet Free Report) was up 4.2% during trading on Tuesday . The stock traded as high as $0.84 and last traded at $0.75. Approximately 49,221 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 54,439 shares. The stock had previously closed at $0.72.

Latch Stock Performance

The firm has a fifty day simple moving average of $0.77 and a two-hundred day simple moving average of $0.81.

Hedge Funds Weigh In On Latch

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ensign Peak Advisors Inc acquired a new stake in shares of Latch in the 1st quarter worth approximately $53,000. Point72 Asset Management L.P. bought a new position in Latch in the second quarter worth about $25,000. Citigroup Inc. increased its stake in shares of Latch by 3,446.3% during the first quarter. Citigroup Inc. now owns 23,122 shares of the company’s stock valued at $99,000 after acquiring an additional 22,470 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Latch in the second quarter worth approximately $30,000. Finally, AQR Capital Management LLC acquired a new position in Latch in the 2nd quarter worth approximately $30,000. Hedge funds and other institutional investors own 45.86% of the company’s stock.

About Latch

(Get Free Report)

Latch, Inc operates as an enterprise technology company in the United States and Canada. The company offers LatchOS, an operating system that extends smart access, delivery and guest management, smart home and sensors, connectivity, and personalization and services. Its software products include Latch Resident Mobile Applications, Latch Manager Web, and the Latch Manager Mobile Applications.

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