Heritage Distilling (NASDAQ:IPST) Releases Quarterly Earnings Results

Heritage Distilling (NASDAQ:IPST - Get Free Report) released its quarterly earnings results on Monday. The company reported $0.05 earnings per share (EPS) for the quarter, Zacks reports.Get Heritage Distilling alerts:Heritage Distilling Trading Down 8.7%NASDAQ IPST opened at $9.61 on Wednesday. Heritage Distilling has a 12 month low of $5.31 and a 12 month high of $80.00. The stock has a market cap of $88.12 million and a price-to-earnings ratio of -0.05. The company's 50 day moving average is $12.86 and its two-hundred day moving average is $11.06. Analyst Ratings ChangesSeveral research analysts have issued reports on the company. Weiss Ratings reissued a "sell (e+)" rating on shares of Heritage Distilling in a research report on Wednesday, November 12th. Wall Street Zen downgraded shares of Heritage Distilling from a "hold" rating to a "strong sell" rating in a report on Saturday. One analyst has rated the stock with a Sell rating, According to MarketBeat, Heritage Distilling has an average rating of "Sell".Get Our Latest Analysis on IPSTInstitutional Inflows and OutflowsA hedge fund recently bought a new stake in Heritage Distilling stock. Polar Asset Management Partners Inc. bought a new position in Heritage Distilling Holding Company, Inc. (NASDAQ:IPST - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,309,615 shares of the company's stock, valued at approximately $2,717,000. Polar Asset Management Partners Inc. owned approximately 36.09% of Heritage Distilling as of its most recent filing with the Securities & Exchange Commission. About Heritage Distilling (Get Free Report)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. Recommended StoriesFive stocks we like better than Heritage Distilling3 Tickers Leading a Meme Stock RevivalBuyer Beware: Carvana Is Driving an Auto Lending CrisisHow to Buy Gold Stock and Invest in GoldHealthcare Rotation Underway: 3 Stocks Leading the ChargeUpcoming IPO Stock Lockup Period, ExplainedMedtronic Stock Finds Its Footing—Now It’s Gaining MomentumThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Heritage Distilling Right Now?Before you consider Heritage Distilling, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Heritage Distilling wasn't on the list.While Heritage Distilling currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here