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

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

La Rosa Trading Up 9.4%

La Rosa stock opened at $0.46 on Friday. La Rosa has a 12 month low of $0.41 and a 12 month high of $972.00. The stock has a fifty day simple moving average of $0.84 and a two-hundred day simple moving average of $3.26. The firm has a market cap of $1.54 million, a price-to-earnings ratio of -0.00 and a beta of 1.26.

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in La Rosa stock. Marex Group plc acquired a new position in La Rosa Holdings Corp. (NASDAQ:LRHC) in the 2nd quarter, according to its most recent 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 approximately 49.12% of La Rosa at the end of the most recent reporting period. Institutional investors own 7.63% of the company’s stock.

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.