Reborn Coffee (NASDAQ:REBN – Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.44 earnings per share for the quarter, Zacks reports.
Reborn Coffee Stock Up 1.1%
NASDAQ:REBN traded up $0.03 on Wednesday, reaching $2.47. The company’s stock had a trading volume of 58,900 shares, compared to its average volume of 88,493. Reborn Coffee has a 12-month low of $1.36 and a 12-month high of $3.45. The firm has a market cap of $14.75 million, a price-to-earnings ratio of -0.96 and a beta of 1.92. The stock has a 50 day moving average price of $2.04 and a 200 day moving average price of $1.88.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Reborn Coffee in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.
Institutional Investors Weigh In On Reborn Coffee
A hedge fund recently bought a new stake in Reborn Coffee stock. XTX Topco Ltd bought a new stake in Reborn Coffee, Inc. (NASDAQ:REBN – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,950 shares of the company’s stock, valued at approximately $27,000. XTX Topco Ltd owned 0.21% of Reborn Coffee as of its most recent SEC filing. 1.76% of the stock is owned by hedge funds and other institutional investors.
About Reborn Coffee
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.
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