Reborn Coffee (NASDAQ:REBN) Trading Up 2.9%

Reborn Coffee, Inc. (NASDAQ:REBNGet Rating) shares were up 2.9% during trading on Monday . The company traded as high as $0.97 and last traded at $0.97. Approximately 6,724 shares were traded during trading, a decline of 92% from the average daily volume of 83,044 shares. The stock had previously closed at $0.94.

Wall Street Analyst Weigh In

Separately, EF Hutton Acquisition Co. I started coverage on shares of Reborn Coffee in a report on Thursday, October 13th. They set a “buy” rating and a $5.50 target price for the company.

Reborn Coffee Price Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.72 and a current ratio of 4.82. The company’s fifty day simple moving average is $0.95.

Reborn Coffee (NASDAQ:REBNGet Rating) last announced its quarterly earnings results on Monday, November 14th. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $0.84 million for the quarter.

Hedge Funds Weigh In On Reborn Coffee

An institutional investor recently bought a new position in Reborn Coffee stock. Jane Street Group LLC purchased a new stake in Reborn Coffee, Inc. (NASDAQ:REBNGet Rating) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 34,637 shares of the company’s stock, valued at approximately $64,000. Jane Street Group LLC owned 0.30% of Reborn Coffee as of its most recent SEC filing.

Reborn Coffee Company Profile

(Get Rating)

Reborn Coffee, Inc operates and franchises retail locations and kiosks that focus on serving specialty-roasted coffee in California. The company purchases, roasts, and sells coffee, tea and other beverages, and various food items. As of September 30, 2021, it operated 7 retail locations. Reborn Coffee, Inc was founded in 2014 and is based in Brea, California.

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