Luckin Coffee Inc. (OTCMKTS:LKNCY – Get Free Report) shares fell 6.6% during mid-day trading on Wednesday . The company traded as low as $21.44 and last traded at $21.85. 2,761,008 shares were traded during mid-day trading, an increase of 16% from the average session volume of 2,377,853 shares. The stock had previously closed at $23.39.
Luckin Coffee Stock Performance
The firm has a market cap of $6.17 billion, a PE ratio of 20.23 and a beta of -0.51. The firm’s 50 day moving average price is $23.70 and its two-hundred day moving average price is $21.55.
Luckin Coffee (OTCMKTS:LKNCY – Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.20. The company had revenue of $1.45 billion for the quarter. Luckin Coffee had a return on equity of 30.29% and a net margin of 7.51%.
About Luckin Coffee
Luckin Coffee Inc offers retail services of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China. It offers hot and iced freshly brewed coffee, such as Americano, Latte, Cappuccino, Macchiato, Flat White, and Mocha, as well as specialty coffee based on market and seasonal trends; coconut milk latte products; tea drinks; pre-made beverages; and pre-made food items, such as pastries, sandwiches, and snacks.
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