La Rosa Shares Scheduled to Reverse Split on Tuesday, September 8th (NASDAQ:LRHC)

Shares of La Rosa Holdings Corp. (NASDAQ:LRHCFree Report) are set to reverse split on the morning of Tuesday, September 8th. The 1-6 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, September 7th.

La Rosa Stock Performance

NASDAQ:LRHC opened at $0.46 on Friday. La Rosa has a 52-week low of $0.41 and a 52-week high of $972.00. The company has a market cap of $1.54 million, a P/E ratio of -0.00 and a beta of 1.26. The stock’s 50-day simple moving average is $0.84 and its 200 day simple moving average is $3.26.

La Rosa (NASDAQ:LRHCGet Free Report) last released its earnings results on Friday, August 21st. The company reported ($1.66) earnings per share (EPS) for the quarter. The company had revenue of $15.05 million for the quarter. La Rosa had a negative return on equity of 3,087.05% and a negative net margin of 46.38%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on LRHC shares. Weiss Ratings downgraded La Rosa from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, August 24th. Wall Street Zen upgraded shares of La Rosa from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Check Out Our Latest Stock Report on La Rosa

Institutional Trading of La Rosa

A hedge fund recently bought a new stake in La Rosa stock. Marex Group plc acquired a new stake in La Rosa Holdings Corp. (NASDAQ:LRHCFree Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 SEC filing. Institutional investors own 7.63% of the company’s stock.

About La Rosa

(Get Free Report)

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.

Further Reading

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