Luckin Coffee (OTCMKTS:LKNCY) Reaches New 12-Month High - What's Next?

Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $38.05 and last traded at $37.92, with a volume of 989795 shares traded. The stock had previously closed at $37.27.

Luckin Coffee Stock Performance

The firm has a market cap of $11.04 billion, a price-to-earnings ratio of 24.33 and a beta of -0.25. The business has a fifty day moving average of $33.79 and a two-hundred day moving average of $30.64.

Luckin Coffee (OTCMKTS:LKNCY - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.10. Luckin Coffee had a return on equity of 36.55% and a net margin of 9.58%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.15 billion.

About Luckin Coffee

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.