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

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

La Rosa Price Performance

LRHC traded down $0.09 on Thursday, reaching $0.43. 979,063 shares of the company’s stock were exchanged, compared to its average volume of 6,707,187. La Rosa has a twelve month low of $0.40 and a twelve month high of $42.30. The stock has a market cap of $703,345.00, a PE ratio of 0.00 and a beta of 2.58. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.40 and a quick ratio of 2.40. The stock’s fifty day moving average price is $1.24 and its 200-day moving average price is $4.60.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On La Rosa

A hedge fund recently bought a new stake in La Rosa stock. Marex Group plc bought a new stake in La Rosa Holdings Corp. (NASDAQ:LRHC) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 358,600 shares of the company’s stock, valued at approximately $47,000. Marex Group plc owned approximately 49.12% of La Rosa at the end of the most recent reporting period. 7.63% of the stock is currently owned by 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.