Luckin Coffee (OTCMKTS:LKNCY) Upgraded at Zacks Research

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

Luckin Coffee Price Performance

Shares of LKNCY opened at $32.00 on Monday. The firm’s 50 day moving average is $34.84 and its 200-day moving average is $36.15. The stock has a market capitalization of $9.08 billion, a P/E ratio of 20.00 and a beta of -0.37. Luckin Coffee has a 12-month low of $24.85 and a 12-month high of $43.64.

About Luckin Coffee

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.