Luckin Coffee (OTCMKTS:LKNCY) Stock Rating Lowered by 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.

Wall Street Zen lowered shares of Luckin Coffee (OTCMKTS:LKNCY - Free Report) from a buy rating to a hold rating in a research note released on Friday morning.

Luckin Coffee Price Performance

Shares of Luckin Coffee stock traded down $0.50 during trading on Friday, reaching $37.00. 520,746 shares of the company traded hands, compared to its average volume of 2,306,938. Luckin Coffee has a 1-year low of $18.43 and a 1-year high of $40.00. The company has a 50 day moving average price of $36.73 and a 200-day moving average price of $33.23. The firm has a market capitalization of $10.50 billion, a PE ratio of 21.02 and a beta of -0.24.

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