Latch, Inc. (NASDAQ:LTCH – Get Free Report)’s share price was up 10% during mid-day trading on Tuesday . The stock traded as high as $0.2090 and last traded at $0.2090. 10,388 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 36,475 shares. The stock had previously closed at $0.19.
Latch Stock Performance
The firm has a market capitalization of $31.22 million, a P/E ratio of -0.61 and a beta of 1.34. The stock’s 50 day simple moving average is $0.20 and its 200 day simple moving average is $0.18.
Latch Company Profile
Latch Inc is a technology company that specializes in smart access and building management solutions for multi-family residential and commercial properties. The company’s offering combines wireless door hardware with a cloud-based software platform (LatchOS) and a mobile application to provide keyless entry, visitor management, package delivery coordination and remote operational controls. Latch’s ecosystem integrates with third-party building systems—such as elevators, intercoms and security cameras—to streamline workflows for property managers and enhance the daily experience for tenants.
Founded in 2014 by Luke Schoenfelder and a team of engineers out of Cornell Tech in New York City, Latch began by addressing the need for more secure and convenient access in urban dwellings.
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