Reborn Coffee (NASDAQ:REBN) Trading Down 2.4% – Should You Sell?

Reborn Coffee, Inc. (NASDAQ:REBN)’s stock price dropped 2.4% during trading on Monday . The stock traded as low as $1.60 and last traded at $1.61. Approximately 22,467 shares were traded during trading, a decline of 64% from the average daily volume of 61,754 shares. The stock had previously closed at $1.65.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Reborn Coffee in a report on Friday, October 31st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Reborn Coffee Stock Performance

The company has a current ratio of 0.08, a quick ratio of 0.06 and a debt-to-equity ratio of 1.19. The company has a 50-day moving average of $1.89 and a 200-day moving average of $2.38. The firm has a market capitalization of $9.63 million, a price-to-earnings ratio of -0.63 and a beta of 2.07.

Reborn Coffee (NASDAQ:REBN) last posted its earnings results on Wednesday, November 19th. The company reported ($0.68) earnings per share (EPS) for the quarter. The firm had revenue of $2.71 million for the quarter. Reborn Coffee had a negative net margin of 191.48% and a negative return on equity of 995.56%.

Institutional Trading of Reborn Coffee

A hedge fund recently bought a new stake in Reborn Coffee stock. XTX Topco Ltd bought a new stake in shares of Reborn Coffee, Inc. (NASDAQ:REBN) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,950 shares of the company’s stock, valued at approximately $27,000. XTX Topco Ltd owned approximately 0.21% of Reborn Coffee at the end of the most recent reporting period. Institutional investors and hedge funds own 1.76% of the company’s stock.

Reborn Coffee Company Profile

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.