Reborn Coffee (NASDAQ:REBN) Issues Quarterly Earnings Results

Reborn Coffee (NASDAQ:REBNGet Free Report) announced its earnings results on Thursday. The company reported ($0.07) earnings per share (EPS) for the quarter, reports. Reborn Coffee had a negative net margin of 67.15% and a negative return on equity of 167.37%. The business had revenue of $1.80 million for the quarter.

Reborn Coffee Trading Up 21.6 %

Shares of Reborn Coffee stock opened at $1.24 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.71 and a debt-to-equity ratio of 0.36. The stock’s fifty day moving average is $1.91 and its two-hundred day moving average is $3.19. Reborn Coffee has a 52 week low of $0.92 and a 52 week high of $8.80.

Institutional Trading of Reborn Coffee

An institutional investor recently bought a new position in Reborn Coffee stock. Jane Street Group LLC acquired a new stake in shares of Reborn Coffee, Inc. (NASDAQ:REBNFree Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 34,637 shares of the company’s stock, valued at approximately $64,000. Jane Street Group LLC owned approximately 0.30% of Reborn Coffee at the end of the most recent reporting period. 1.76% of the stock is currently owned by institutional investors.

About Reborn Coffee

(Get Free Report)

Reborn Coffee, Inc operates and franchises retail locations, kiosks, and cafes that focus on serving specialty-roasted coffee in California. It purchases, roasts, and sells coffee, tea and other beverages, and various food items. Reborn Coffee, Inc was founded in 2014 and is based in Brea, California.

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Earnings History for Reborn Coffee (NASDAQ:REBN)

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