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

Shares of LQR House Inc. (NASDAQ:YHC) fell 9.8% on Friday . The company traded as low as $0.7101 and last traded at $0.7321. 240,270 shares traded hands during trading, a decline of 44% from the average session volume of 428,419 shares. The stock had previously closed at $0.8118.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LQR House in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, LQR House presently has a consensus rating of “Sell”.

LQR House Stock Performance

The stock has a 50-day moving average price of $0.91 and a two-hundred day moving average price of $0.90. The stock has a market capitalization of $10.34 million, a PE ratio of -0.49 and a beta of 2.78.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in LQR House stock. Geode Capital Management LLC acquired a new position in shares of LQR House Inc. (NASDAQ:YHC) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 30,130 shares of the company’s stock, valued at approximately $27,000. Geode Capital Management LLC owned approximately 0.21% of LQR House at the end of the most recent reporting period.

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.