Luckin Coffee (OTCMKTS:LKNCY) Downgraded by Zacks Research to Strong Sell

Zacks Research downgraded shares of Luckin Coffee (OTCMKTS:LKNCY) from a hold rating to a strong sell rating in a research report report published on Monday,Zacks.com reports.

Luckin Coffee Trading Down 1.0%

OTCMKTS:LKNCY opened at $37.04 on Monday. Luckin Coffee has a 1-year low of $23.18 and a 1-year high of $43.64. The firm has a market capitalization of $10.51 billion, a price-to-earnings ratio of 21.05 and a beta of -0.41. The business’s fifty day moving average price is $34.56 and its 200 day moving average price is $37.04.

Luckin Coffee (OTCMKTS:LKNCY) last released its earnings results on Monday, November 17th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). The business had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Luckin Coffee had a net margin of 8.45% and a return on equity of 33.69%.

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.