Luckin Coffee (OTCMKTS:LKNCY) Shares Up 0.1% – Still a Buy?

Luckin Coffee Inc. (OTCMKTS:LKNCY) shares were up 0.1% during mid-day trading on Wednesday . The stock traded as high as $24.20 and last traded at $24.03. Approximately 265,879 shares were traded during trading, a decline of 89% from the average daily volume of 2,365,237 shares. The stock had previously closed at $24.00.

Luckin Coffee Stock Performance

The business’s fifty day moving average price is $23.96 and its 200-day moving average price is $21.85. The stock has a market cap of $6.57 billion, a PE ratio of 21.86 and a beta of -0.64.

Luckin Coffee (OTCMKTS:LKNCY) last issued its earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.20. The company had revenue of $1.45 billion for the quarter. Luckin Coffee had a net margin of 7.51% and a return on equity of 30.29%.

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.