LQR House (NASDAQ:LQR) Stock Price Down 4.8% – What’s Next?

Shares of LQR House Inc. (NASDAQ:LQR) traded down 4.8% on Thursday . The company traded as low as $1.38 and last traded at $1.39. 102,790 shares were traded during mid-day trading, a decline of 65% from the average session volume of 291,820 shares. The stock had previously closed at $1.46.

LQR House Trading Down 4.8 %

The firm has a 50 day moving average price of $1.27 and a 200-day moving average price of $0.87. The firm has a market cap of $9.77 million, a price-to-earnings ratio of -0.99 and a beta of 5.06.

Insiders Place Their Bets

In related news, CEO Sean Dollinger acquired 28,700 shares of LQR House stock in a transaction dated Tuesday, November 26th. The shares were acquired at an average cost of $1.04 per share, for a total transaction of $29,848.00. Following the completion of the transaction, the chief executive officer now directly owns 77,243 shares of the company’s stock, valued at $80,332.72. The trade was a 59.12 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 4.60% of the stock is currently owned by company insiders.

LQR House Company Profile

LQR House Inc provides digital marketing and brand development services for the alcoholic beverage business in the United States. Its primary business includes the development of limited batch spirit brands and marketing internal and external brands through its CWS Platform. The company serves individual consumers, wholesalers, and third-party alcohol brands.