Reborn Coffee (NASDAQ:REBN) Stock Price Down 13.5% – Here’s Why

Reborn Coffee, Inc. (NASDAQ:REBN) fell 13.5% on Monday . The company traded as low as $3.91 and last traded at $3.96. 269,995 shares traded hands during trading, a decline of 78% from the average session volume of 1,224,937 shares. The stock had previously closed at $4.58.

Reborn Coffee Stock Performance

The business’s 50 day simple moving average is $3.35 and its two-hundred day simple moving average is $2.58. The stock has a market cap of $14.51 million, a P/E ratio of -2.72 and a beta of 2.17. The company has a quick ratio of 0.34, a current ratio of 0.41 and a debt-to-equity ratio of 0.19.

Institutional Trading of Reborn Coffee

An institutional investor recently raised its position in Reborn Coffee stock. Citadel Advisors LLC grew its stake in shares of Reborn Coffee, Inc. (NASDAQ:REBN) by 33.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,177 shares of the company’s stock after buying an additional 5,554 shares during the quarter. Citadel Advisors LLC owned approximately 0.60% of Reborn Coffee worth $37,000 as of its most recent SEC filing. 1.76% of the stock is currently 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.