Reborn Coffee (NASDAQ:REBN) Releases Quarterly Earnings Results

Reborn Coffee (NASDAQ:REBN) released its quarterly earnings results on Monday. The company reported ($0.20) earnings per share for the quarter, Zacks reports. Reborn Coffee had a negative net margin of 75.59% and a negative return on equity of 1,131.84%.

Reborn Coffee Trading Up 6.5%

Shares of Reborn Coffee stock traded up $0.05 during trading hours on Monday, hitting $0.90. The company’s stock had a trading volume of 114,874 shares, compared to its average volume of 94,007. The company has a market capitalization of $7.35 million, a PE ratio of -0.48 and a beta of 1.95. Reborn Coffee has a 12 month low of $0.65 and a 12 month high of $2.95. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.89 and a quick ratio of 0.87. The stock has a 50 day moving average of $1.31 and a 200 day moving average of $1.77.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Reborn Coffee in a report on Friday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

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.