Shares of Luckin Coffee Inc. (OTCMKTS:LKNCY – Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $35.03 and last traded at $33.60, with a volume of 6795631 shares. The stock had previously closed at $31.71.
Luckin Coffee Stock Performance
The firm has a market capitalization of $9.40 billion, a PE ratio of 25.26 and a beta of -0.64. The stock’s 50 day simple moving average is $28.30 and its two-hundred day simple moving average is $24.91.
Luckin Coffee (OTCMKTS:LKNCY – Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.18. Luckin Coffee had a net margin of 8.54% and a return on equity of 35.32%. The firm had revenue of $1.32 billion during the quarter.
Luckin Coffee Company Profile
Luckin Coffee Inc offers retail services of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China. It offers hot and iced freshly brewed coffee, such as Americano, Latte, Cappuccino, Macchiato, Flat White, and Mocha, as well as specialty coffee based on market and seasonal trends; coconut milk latte products; tea drinks; pre-made beverages; and pre-made food items, such as pastries, sandwiches, and snacks.
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