La Rosa Stock Scheduled to Reverse Split on Monday, January 26th (NASDAQ:LRHC)

Shares of La Rosa Holdings Corp. (NASDAQ:LRHC) are set to reverse split before the market opens on Monday, January 26th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, January 25th.

La Rosa Price Performance

La Rosa stock traded down $0.09 during mid-day trading on Thursday, reaching $0.43. The company had a trading volume of 979,063 shares, compared to its average volume of 4,671,125. The business has a fifty day simple moving average of $1.18 and a 200 day simple moving average of $4.57. The company has a market cap of $703,345.00, a P/E ratio of 0.00 and a beta of 2.58. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.63. La Rosa has a fifty-two week low of $0.40 and a fifty-two week high of $42.30.

La Rosa (NASDAQ:LRHC) last announced its quarterly earnings results on Wednesday, November 19th. The company reported ($5.44) earnings per share (EPS) for the quarter. The firm had revenue of $20.22 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of La Rosa in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in La Rosa stock. Marex Group plc bought a new position in shares of La Rosa Holdings Corp. (NASDAQ:LRHC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 358,600 shares of the company’s stock, valued at approximately $47,000. Marex Group plc owned about 49.12% of La Rosa as of its most recent SEC filing. 7.63% of the stock is currently owned by hedge funds and other institutional investors.

About La Rosa

La Rosa Holdings, Inc (NASDAQ: LRHC) is a holding company that owns, operates and franchises LaRosa’s Pizzeria, a regional restaurant chain based in Cincinnati, Ohio. The company’s core business revolves around fast‐casual dining, with a focus on pizza and Italian‐inspired menu items served through dine-in, carry-out and delivery channels.

Founded in 1954 by Vincenzo “Buddy” LaRosa, LaRosa’s Pizzeria has grown from a single storefront into a network of over 30 locations across Ohio, Kentucky and Indiana.