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

La Rosa Holdings Corp. (NASDAQ:LRHC) shares are scheduled 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 Trading Down 16.8%

LRHC traded down $0.09 during 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 firm’s 50-day simple moving average is $1.18 and its 200 day simple moving average is $4.57. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.40 and a current ratio of 2.40. The company has a market cap of $703,345.00, a price-to-earnings ratio of 0.00 and a beta of 2.58. La Rosa has a 12-month low of $0.40 and a 12-month high of $42.30.

La Rosa (NASDAQ:LRHC) last posted 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.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On La Rosa

A hedge fund recently bought a new stake in La Rosa stock. Marex Group plc acquired a new stake in shares of La Rosa Holdings Corp. (NASDAQ:LRHC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 7.63% of the company’s stock.

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.