Yoshiharu Global Co YOSH shares are trading lower by roughly 3.7% to $5.22 during Friday's session, pulling back following recent volatility. The company recently effected a 1-for-10 reverse stock split for its Class A and Class B common stock. Trading began on a post-split basis Tuesday.
Yoshiharu Global also announced this week that the company is acquiring Las Vegas restaurant assets for $3.6 million, aiming to blend Japanese cuisine with these establishments.
They foresee an 80% revenue surge by opening four more restaurants in 2024, targeting 13 locations by year-end.
CEO James Chae sees this as a strategic move to boost revenue, especially during seasonal peaks.
See Also: Fed Chair Powell Remains Cautious: 'Premature' To Declare Victory On Inflation
According to data from Benzinga Pro, YOSH has a 52-week high of $25.90 and a 52-week low of $2.96.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
