Zacks Research Upgrades Luckin Coffee (OTCMKTS:LKNCY) to “Hold”

Luckin Coffee (OTCMKTS:LKNCY) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Luckin Coffee Trading Up 7.7%

OTCMKTS LKNCY opened at $32.50 on Monday. The company has a fifty day simple moving average of $34.85 and a 200 day simple moving average of $36.18. The company has a market cap of $9.22 billion, a P/E ratio of 20.31 and a beta of -0.37. Luckin Coffee has a 1 year low of $24.85 and a 1 year high of $43.64.

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.