LQR House (NASDAQ:LQR) Shares Down 34.5% – What’s Next?

LQR House Inc. (NASDAQ:LQR)’s share price was down 34.5% during trading on Tuesday . The company traded as low as $0.24 and last traded at $0.26. Approximately 30,243,417 shares changed hands during trading, an increase of 12,377% from the average daily volume of 242,388 shares. The stock had previously closed at $0.40.

LQR House Stock Performance

The firm has a fifty day simple moving average of $1.37 and a two-hundred day simple moving average of $1.09. The firm has a market cap of $1.84 million, a PE ratio of -0.19 and a beta of 5.06.

Hedge Funds Weigh In On LQR House

An institutional investor recently raised its position in LQR House stock. Geode Capital Management LLC grew its holdings in shares of LQR House Inc. (NASDAQ:LQR) by 74.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,889 shares of the company’s stock after buying an additional 29,301 shares during the quarter. Geode Capital Management LLC owned 0.98% of LQR House worth $79,000 at the end of the most recent reporting period.

About LQR House

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.