Luckin Coffee (OTCMKTS:LKNCY) Cut to Hold at Wall Street Zen

Key Points

• Luckin Coffee was downgraded from a "buy" to a "hold" rating by analysts at Wall Street Zen, indicating a cautious outlook on the company's stock performance.
• The company reported $0.64 earnings per share for the latest quarter, significantly beating estimates of $0.07, but missed on revenue targets with $1.72 billion compared to $1.82 billion expected.
• Luckin Coffee's stock opened at $38.22 and has shown a price fluctuation with a 52-week low of $18.43 and a high of $40.00.

Luckin Coffee (OTCMKTS:LKNCY - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Friday.

Luckin Coffee Price Performance

OTCMKTS LKNCY opened at $38.22 on Friday. The firm has a market capitalization of $10.84 billion, a price-to-earnings ratio of 21.72 and a beta of -0.24. The company has a 50 day simple moving average of $36.51 and a 200-day simple moving average of $33.00. Luckin Coffee has a 52-week low of $18.43 and a 52-week high of $40.00.

Luckin Coffee (OTCMKTS:LKNCY - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.57. Luckin Coffee had a net margin of 9.59% and a return on equity of 36.80%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.82 billion.

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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