La Rosa (NASDAQ:LRHC) Shares Scheduled to Reverse Split on Monday, January 26th
by Michael Walen · The Markets DailyLa Rosa Holdings Corp. (NASDAQ:LRHC – Free Report) shares are going 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 Stock Performance
LRHC stock traded down $0.09 during midday trading on Thursday, hitting $0.43. 979,063 shares of the company traded hands, compared to its average volume of 4,671,125. La Rosa has a twelve month low of $0.40 and a twelve month high of $42.30. The stock has a market capitalization of $703,345.00, a price-to-earnings ratio of 0.00 and a beta of 2.58. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.63. The business has a 50 day simple moving average of $1.18 and a 200-day simple moving average of $4.57.
La Rosa (NASDAQ:LRHC – Get Free Report) last issued its quarterly earnings data on Wednesday, November 19th. The company reported ($5.44) earnings per share for the quarter. The firm had revenue of $20.22 million for the quarter.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of La Rosa in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.
Read Our Latest Stock Report on LRHC
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in La Rosa stock. Citadel Advisors LLC purchased a new position in shares of La Rosa Holdings Corp. (NASDAQ:LRHC – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,338 shares of the company’s stock, valued at approximately $108,000. Citadel Advisors LLC owned 1.25% of La Rosa as of its most recent SEC filing. 7.63% of the stock is currently owned by institutional investors.
La Rosa Company Profile
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.