Heritage Distilling (NASDAQ:IPST) Stock Rating Upgraded by Wall Street Zen

Heritage Distilling (NASDAQ:IPST) was upgraded by investment analysts at Wall Street Zen to a “sell” rating in a report released on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Heritage Distilling in a research note on Tuesday, October 13th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $164.00.

Heritage Distilling Price Performance

IPST stock opened at $2.61 on Friday. The firm’s 50-day simple moving average is $3.50 and its 200 day simple moving average is $7.57. Heritage Distilling has a fifty-two week low of $1.54 and a fifty-two week high of $301.60. The stock has a market cap of $2.61 million, a PE ratio of -0.15 and a beta of 5.32. The company has a quick ratio of 0.15, a current ratio of 0.31 and a debt-to-equity ratio of 0.01.

Heritage Distilling (NASDAQ:IPST) last issued its quarterly earnings results on Friday, October 23rd. The company reported ($13.30) EPS for the quarter. The business had revenue of $0.74 million during the quarter. Heritage Distilling had a negative return on equity of 239.27% and a negative net margin of 2,064.21%.

About Heritage Distilling

Heritage Distilling Company is a craft spirits producer based in Washington state. The company develops, distills, ages, bottles and sells a range of alcoholic beverages, including whiskey, bourbon, vodka, gin, rum and other specialty spirits. Its portfolio also includes ready-to-drink cocktails and flavored or infused spirit products.

Founded in 2011 by Justin and Jenny Stiefel, Heritage Distilling has built its business around small-batch production and consumer-focused distillery experiences.