LQR House (NASDAQ:YHC) Shares Scheduled to Reverse Split on Monday, July 13th

Shares of LQR House Inc. (NASDAQ:YHC) are scheduled to reverse split on Monday, July 13th. The 1-100 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, July 12th.

LQR House Stock Down 20.3%

Shares of NASDAQ YHC traded down $0.01 during midday trading on Thursday, hitting $0.03. The stock had a trading volume of 121,925,508 shares, compared to its average volume of 69,431,824. The company’s 50-day simple moving average is $0.76 and its 200 day simple moving average is $0.86. LQR House has a fifty-two week low of $0.03 and a fifty-two week high of $11.14.

LQR House (NASDAQ:YHC) last released its earnings results on Friday, May 15th. The company reported ($0.04) earnings per share for the quarter. LQR House had a negative return on equity of 45.42% and a negative net margin of 1,769.54%.The firm had revenue of $0.22 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of LQR House in a report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Institutional Trading of LQR House

A hedge fund recently bought a new stake in LQR House stock. XTX Topco Ltd purchased a new stake in LQR House Inc. (NASDAQ:YHC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 74,758 shares of the company’s stock, valued at approximately $67,000. XTX Topco Ltd owned 0.53% of LQR House as of its most recent SEC filing.

LQR House Company Profile

LQR House, Inc provides digital marketing and brand development for alcoholic beverage space. It intends to integrate the supply, sales, and marketing facets of the alcoholic beverage space into one easy to use platform and become the one-stop-shop for everything related to alcohol. The company was founded on January 11, 2021 and is headquartered in Miami Beach, FL.