Luckin Coffee Inc. (OTCMKTS:LKNCY – Get Free Report) traded up 4% on Wednesday . The company traded as high as $33.93 and last traded at $33.27. 2,186,090 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 2,717,444 shares. The stock had previously closed at $32.00.
Luckin Coffee Price Performance
The firm has a market capitalization of $9.31 billion, a P/E ratio of 25.02 and a beta of -1.11. The stock has a fifty day moving average of $31.36 and a 200 day moving average of $27.23.
Luckin Coffee (OTCMKTS:LKNCY – Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.18. The company had revenue of $1.32 billion during the quarter. Luckin Coffee had a net margin of 8.54% and a return on equity of 35.32%.
About Luckin Coffee
Luckin Coffee Inc offers retail services of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China. It offers hot and iced freshly brewed coffee, such as Americano, Latte, Cappuccino, Macchiato, Flat White, and Mocha, as well as specialty coffee based on market and seasonal trends; coconut milk latte products; tea drinks; pre-made beverages; and pre-made food items, such as pastries, sandwiches, and snacks.
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