LQR House (NASDAQ:YHC) Stock Price Down 3.4% – Time to Sell?

LQR House Inc. (NASDAQ:YHC) shares were down 3.4% during trading on Friday . The company traded as low as $0.9134 and last traded at $0.9260. Approximately 104,148 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 165,627 shares. The stock had previously closed at $0.9590.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LQR House in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

LQR House Stock Down 3.4%

The firm has a market capitalization of $13.08 million, a price-to-earnings ratio of -0.01 and a beta of 4.38. The stock has a 50 day moving average of $0.89 and a 200 day moving average of $1.19.

Insider Buying and Selling

In other news, President Yilin Lu bought 2,000,000 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was bought at an average price of $0.90 per share, for a total transaction of $1,800,000.00. Following the transaction, the president owned 2,000,537 shares in the company, valued at $1,800,483.30. The trade was a 372,439.48% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.62% of the stock is currently owned by corporate insiders.

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.