Shares of Latch, Inc. (NASDAQ:LTCH – Get Free Report) were up 10% on Tuesday . The company traded as high as $0.2090 and last traded at $0.2090. Approximately 10,388 shares traded hands during trading, a decline of 72% from the average daily volume of 36,475 shares. The stock had previously closed at $0.19.
Latch Stock Up 10.0%
The company has a market cap of $34.34 million, a P/E ratio of -0.67 and a beta of 1.34. The business has a 50-day moving average price of $0.20 and a two-hundred day moving average price of $0.18.
About Latch
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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