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

Shares of La Rosa Holdings Corp. (NASDAQ:LRHC) are going to reverse split before the market opens on 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

LRHC stock opened at $0.46 on Friday. The firm has a 50 day moving average price of $0.84 and a 200-day moving average price of $3.26. La Rosa has a 52-week low of $0.41 and a 52-week high of $972.00. The firm has a market capitalization of $1.54 million, a price-to-earnings ratio of -0.00 and a beta of 1.26.

La Rosa (NASDAQ:LRHC) last issued its quarterly earnings results on Friday, August 21st. The company reported ($1.66) EPS for the quarter. The company had revenue of $15.05 million during 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

LRHC has been the topic of several analyst reports. Wall Street Zen raised La Rosa from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th. Weiss Ratings downgraded La Rosa from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, August 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, La Rosa currently has an average rating of “Sell”.

Institutional Investors Weigh In On La Rosa

An institutional investor recently bought a new position in La Rosa stock. Citadel Advisors LLC purchased a new stake in shares of La Rosa Holdings Corp. (NASDAQ:LRHC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,338 shares of the company’s stock, valued at approximately $108,000. Citadel Advisors LLC owned approximately 1.25% of La Rosa as of its most recent SEC filing. 7.63% of the stock is currently owned by institutional investors and hedge funds.

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.