Reborn Coffee (NASDAQ:REBN) Trading Up 6.4% – What’s Next?

Reborn Coffee, Inc. (NASDAQ:REBN) shares were up 6.4% during mid-day trading on Monday . The stock traded as high as $3.43 and last traded at $3.17. Approximately 348,779 shares were traded during mid-day trading, an increase of 281% from the average daily volume of 91,645 shares. The stock had previously closed at $2.98.

Reborn Coffee Stock Performance

The stock has a market cap of $16.80 million, a PE ratio of -1.45 and a beta of 2.18. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.28 and a quick ratio of 0.24. The business has a 50 day moving average price of $2.70 and a two-hundred day moving average price of $3.30.

Reborn Coffee (NASDAQ:REBN) last released its quarterly earnings data on Thursday, August 14th. The company reported ($1.02) earnings per share for the quarter. The company had revenue of $1.84 million for the quarter. Reborn Coffee had a negative net margin of 152.76% and a negative return on equity of 496.46%.

Institutional Trading of Reborn Coffee

A hedge fund recently raised its stake in Reborn Coffee stock. Citadel Advisors LLC lifted its holdings in shares of Reborn Coffee, Inc. (NASDAQ:REBN) by 33.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,177 shares of the company’s stock after acquiring an additional 5,554 shares during the quarter. Citadel Advisors LLC owned approximately 0.60% of Reborn Coffee worth $37,000 as of its most recent filing with the Securities & Exchange Commission. 1.76% of the stock is currently owned by institutional investors.

About Reborn Coffee

Reborn Coffee, Inc, through its subsidiaries, 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. It offers products in various form factors, such as whole bean roasted coffee bags, single-serve drip bags, and pour over packs.