LQR House (NASDAQ:YHC) Shares Down 9.8% – Here’s Why

LQR House Inc. (NASDAQ:YHC)’s stock price dropped 9.8% during mid-day trading on Friday . The company traded as low as $0.7101 and last traded at $0.7321. Approximately 240,270 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 428,419 shares. The stock had previously closed at $0.8118.

Analyst Ratings Changes

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

LQR House Stock Performance

The stock has a market cap of $10.34 million, a P/E ratio of -0.49 and a beta of 2.78. The business has a 50 day simple moving average of $0.91 and a 200-day simple moving average of $0.90.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LQR House stock. Geode Capital Management LLC purchased a new stake in shares of LQR House Inc. (NASDAQ:YHC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 30,130 shares of the company’s stock, valued at approximately $27,000. Geode Capital Management LLC owned about 0.21% of LQR House at the end of the most recent reporting period.

About LQR House

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.