Luckin Coffee (OTCMKTS:LKNCY) Trading 5.1% Higher – Still a Buy?

Shares of Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY) were up 5.1% during trading on Tuesday . The stock traded as high as $31.79 and last traded at $31.71. Approximately 782,333 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 1,771,240 shares. The stock had previously closed at $30.18.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Luckin Coffee from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $52.00.

Luckin Coffee Stock Performance

The company has a market capitalization of $9.14 billion, a P/E ratio of 20.14 and a beta of -0.37. The firm’s fifty day moving average is $34.84 and its 200 day moving average is $36.22.

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.