La Rosa (NASDAQ:LRHC) Shares Scheduled to Reverse Split on Monday, January 26th

Shares of La Rosa Holdings Corp. (NASDAQ:LRHC) are going to reverse split before the market opens on Monday, January 26th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, January 25th.

La Rosa Stock Down 16.8%

La Rosa stock traded down $0.09 during mid-day trading on Thursday, reaching $0.43. 979,063 shares of the company’s stock were exchanged, compared to its average volume of 6,707,187. The company has a fifty day moving average of $1.24 and a 200-day moving average of $4.60. The company has a market cap of $703,345.00, a P/E ratio of 0.00 and a beta of 2.58. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.63. La Rosa has a twelve month low of $0.40 and a twelve month high of $42.30.

La Rosa (NASDAQ:LRHC) last released its earnings results on Wednesday, November 19th. The company reported ($5.44) earnings per share (EPS) for the quarter. The company had revenue of $20.22 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of La Rosa in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, La Rosa currently has an average rating of “Sell”.

Institutional Trading of La Rosa

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

La Rosa Company Profile

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.