Luckin Coffee (OTCMKTS:LKNCY) Shares Down 2% – Here’s What Happened

Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY)’s share price fell 2% during trading on Tuesday . The stock traded as low as $32.25 and last traded at $32.35. 2,217,906 shares traded hands during trading, an increase of 42% from the average session volume of 1,566,502 shares. The stock had previously closed at $33.02.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Luckin Coffee to a “hold” rating in a report on Thursday, November 20th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $52.00.

Luckin Coffee Trading Down 2.0%

The company’s 50-day moving average price is $34.79 and its two-hundred day moving average price is $37.15. The company has a market cap of $9.18 billion, a P/E ratio of 18.38 and a beta of -0.46.

Luckin Coffee (OTCMKTS:LKNCY) last announced its quarterly earnings data on Monday, November 17th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01). Luckin Coffee had a return on equity of 33.69% and a net margin of 8.45%.The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $1.94 billion.

Luckin Coffee Company Profile

Luckin Coffee Inc is a China-based coffeehouse chain that combines a digitally driven ordering platform with a network of physical outlets. The company’s mobile app and in-store kiosks enable customers to place orders for takeaway or delivery, while its proprietary supply chain supports rapid store expansion and consistent product quality. Luckin’s retail portfolio includes “grab-and-go” pickup points, delivery-only kitchens and full-service cafés designed to meet the varied needs of urban consumers.

Luckin’s menu features a broad range of espresso-based drinks, including lattes, Americanos and cold brews, complemented by tea-based beverages, fruit juices and a selection of light food items such as sandwiches and pastries.