Heritage Distilling (NASDAQ:IPST) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Heritage Distilling (NASDAQ:IPST) to a sell rating in a report published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Heritage Distilling in a report on Tuesday, October 13th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $164.00.

Heritage Distilling Stock Performance

IPST stock opened at $2.22 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.43 and a quick ratio of 0.26. The business has a 50-day moving average price of $3.35 and a 200 day moving average price of $7.42. The company has a market capitalization of $2.21 million, a P/E ratio of -0.13 and a beta of 5.38. Heritage Distilling has a 1-year low of $1.54 and a 1-year high of $301.60.

Heritage Distilling (NASDAQ:IPST) last released its quarterly earnings data on Friday, October 23rd. The company reported ($13.30) earnings per share for the quarter. Heritage Distilling had a negative return on equity of 185.42% and a negative net margin of 2,064.21%. The business had revenue of $0.74 million during the quarter.

Heritage Distilling Company Profile

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.