Latch (NASDAQ:LTCH) Trading 14.3% Higher – Here’s What Happened

Latch, Inc. (NASDAQ:LTCHGet Free Report)’s stock price traded up 14.3% during mid-day trading on Monday . The company traded as high as $0.24 and last traded at $0.24. 228,442 shares traded hands during trading, an increase of 912% from the average session volume of 22,574 shares. The stock had previously closed at $0.21.

Latch Trading Up 14.3%

The business has a fifty day moving average of $0.18 and a 200-day moving average of $0.14. The firm has a market cap of $39.42 million, a PE ratio of -1.04 and a beta of 1.32.

About Latch

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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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