Heritage Distilling (NASDAQ:IPST) Stock Bumped Up to Sell by Wall Street Zen

Wall Street Zen upgraded shares of Heritage Distilling (NASDAQ:IPST) to a sell rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Heritage Distilling in a report on Tuesday, October 13th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $164.00.

Heritage Distilling Price Performance

Shares of NASDAQ:IPST opened at $2.61 on Friday. The company has a 50-day simple moving average of $3.50 and a 200-day simple moving average of $7.57. Heritage Distilling has a one year low of $1.54 and a one year high of $301.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.43. The stock has a market capitalization of $2.61 million, a price-to-earnings ratio of -0.15 and a beta of 5.38.

Heritage Distilling (NASDAQ:IPST) last released its quarterly earnings results on Friday, October 23rd. The company reported ($13.30) earnings per share (EPS) for the quarter. Heritage Distilling had a negative return on equity of 185.42% and a negative net margin of 2,064.21%. The company had revenue of $0.74 million for the quarter.

Heritage Distilling Company Profile

Heritage Distilling Company is a craft spirits producer based in Washington state. The company develops, distills, ages, bottles and sells a range of alcoholic beverages, including whiskey, bourbon, vodka, gin, rum and other specialty spirits. Its portfolio also includes ready-to-drink cocktails and flavored or infused spirit products.

Founded in 2011 by Justin and Jenny Stiefel, Heritage Distilling has built its business around small-batch production and consumer-focused distillery experiences.