Luckin Coffee (OTCMKTS:LKNCY) Stock Rating Lowered by Wall Street Zen

Luckin Coffee (OTCMKTS:LKNCY) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Luckin Coffee Stock Performance

OTCMKTS:LKNCY opened at $37.11 on Friday. The stock has a market capitalization of $10.53 billion, a P/E ratio of 21.09 and a beta of -0.24. The company has a 50 day moving average price of $36.05 and a 200 day moving average price of $32.76. Luckin Coffee has a fifty-two week low of $17.28 and a fifty-two week high of $40.00.

Luckin Coffee (OTCMKTS:LKNCY) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.57. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Luckin Coffee had a net margin of 9.59% and a return on equity of 36.80%.

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.