Luckin Coffee (OTCMKTS:LKNCY) Hits New 52-Week Low – Should You Sell?

Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY)’s share price hit a new 52-week low on Thursday . The company traded as low as $29.83 and last traded at $29.90, with a volume of 639637 shares traded. The stock had previously closed at $31.55.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on LKNCY shares. Zacks Research upgraded Luckin Coffee from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Jefferies Financial Group initiated coverage on Luckin Coffee in a report on Tuesday, June 9th. They issued a “buy” rating and a $43.60 price target for the company. Finally, The Goldman Sachs Group set a $49.00 price target on Luckin Coffee and gave the stock a “buy” rating in a research report on Sunday. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Luckin Coffee currently has an average rating of “Buy” and a consensus target price of $48.20.

Luckin Coffee Stock Down 5.3%

The company has a market capitalization of $8.57 billion, a P/E ratio of 18.68 and a beta of -0.31. The business has a 50 day simple moving average of $32.23 and a 200-day simple moving average of $33.73.

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.