Luckin Coffee (OTCMKTS:LKNCY) Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of Luckin Coffee (OTCMKTS:LKNCY) from a hold rating to a strong sell rating in a report released on Monday morning,Zacks.com reports.

Luckin Coffee Price Performance

Shares of Luckin Coffee stock opened at $37.96 on Monday. Luckin Coffee has a fifty-two week low of $23.18 and a fifty-two week high of $43.64. The firm has a market cap of $10.77 billion, a P/E ratio of 21.57 and a beta of -0.41. The firm has a 50 day simple moving average of $34.60 and a 200 day simple moving average of $37.05.

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