Heritage Distilling (NASDAQ:CASK) Shares Down 6% – Should You Sell?

Heritage Distilling Holding Company, Inc. (NASDAQ:CASK)’s stock price traded down 6% on Wednesday . The company traded as low as $0.74 and last traded at $0.78. 496,151 shares were traded during trading, a decline of 85% from the average session volume of 3,274,543 shares. The stock had previously closed at $0.83.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Heritage Distilling to a “hold” rating in a report on Saturday, August 2nd.

Heritage Distilling Stock Performance

The company has a debt-to-equity ratio of 11.97, a current ratio of 0.19 and a quick ratio of 0.05. The stock’s fifty day moving average is $0.57 and its two-hundred day moving average is $0.54.

Heritage Distilling (NASDAQ:CASK) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.77) earnings per share for the quarter. Heritage Distilling had a negative return on equity of 8.56% and a negative net margin of 254.24%.The firm had revenue of $1.32 million during the quarter.

Institutional Trading of Heritage Distilling

A hedge fund recently bought a new stake in Heritage Distilling stock. Wealth Preservation Advisors LLC bought a new stake in shares of Heritage Distilling Holding Company, Inc. (NASDAQ:CASK) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 52,500 shares of the company’s stock, valued at approximately $26,000. Wealth Preservation Advisors LLC owned 0.76% of Heritage Distilling at the end of the most recent quarter.

About Heritage Distilling

Heritage Distilling Holding Company Inc is a craft distiller of premium brands, including whiskeys, vodkas, gins, rums and ready-to-drink canned cocktails. Heritage Distilling Holding Company Inc is based in GIG HARBOR, Wash.