La Rosa (NASDAQ:LRHC) Shares Down 4.5% – Here’s What Happened

La Rosa Holdings Corp. (NASDAQ:LRHC) shares fell 4.5% on Friday . The company traded as low as $1.02 and last traded at $1.05. 2,477,557 shares traded hands during mid-day trading, an increase of 887% from the average session volume of 250,910 shares. The stock had previously closed at $1.10.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LRHC. Weiss Ratings restated a “sell (e+)” rating on shares of La Rosa in a report on Tuesday, April 21st. Wall Street Zen upgraded shares of La Rosa from a “strong sell” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

La Rosa Trading Down 4.5%

The company has a debt-to-equity ratio of 1.63, a current ratio of 2.40 and a quick ratio of 2.40. The firm’s 50 day moving average is $2.78 and its 200 day moving average is $45.16. The company has a market capitalization of $21,000.00, a PE ratio of 0.00 and a beta of 1.42.

La Rosa (NASDAQ:LRHC) last issued its earnings results on Thursday, June 4th. The company reported ($266.88) EPS for the quarter. The company had revenue of $7.56 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in La Rosa stock. Citadel Advisors LLC bought a new position in La Rosa Holdings Corp. (NASDAQ:LRHC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 15,338 shares of the company’s stock, valued at approximately $108,000. Citadel Advisors LLC owned 1.25% of La Rosa as of its most recent SEC filing. Institutional investors own 7.63% of the company’s stock.

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.