Reborn Coffee, Inc. (NASDAQ:REBN – Get Free Report)’s stock price dropped 0.5% on Tuesday . The company traded as low as $2.10 and last traded at $2.12. Approximately 35,470 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 59,810 shares. The stock had previously closed at $2.13.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised shares of Reborn Coffee from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Reborn Coffee currently has an average rating of “Sell”.
Read Our Latest Research Report on REBN
Reborn Coffee Price Performance
Hedge Funds Weigh In On Reborn Coffee
An institutional investor recently bought a new position in Reborn Coffee stock. DRW Securities LLC purchased a new position in Reborn Coffee, Inc. (NASDAQ:REBN – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 64,986 shares of the company’s stock, valued at approximately $97,000. DRW Securities LLC owned approximately 1.09% of Reborn Coffee at the end of the most recent reporting period. 1.76% of the stock is owned by institutional investors.
Reborn Coffee Company Profile
Reborn Coffee, Inc, through its subsidiaries, operates and franchises retail locations, kiosks, and cafes that focus on serving specialty-roasted coffee in California. It purchases, roasts, and sells coffee, tea and other beverages, and various food items. It offers products in various form factors, such as whole bean roasted coffee bags, single-serve drip bags, and pour over packs. The company also offers its products online. Reborn Coffee, Inc was founded in 2014 and is headquartered in Brea, California.
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