Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $40.00 and last traded at $38.73, with a volume of 1458374 shares changing hands. The stock had previously closed at $38.60.
Luckin Coffee Stock Performance
The business's 50 day moving average is $35.95 and its 200-day moving average is $32.57. The firm has a market capitalization of $10.33 billion, a price-to-earnings ratio of 20.68 and a beta of -0.25.
Luckin Coffee (OTCMKTS:LKNCY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.57. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.82 billion. Luckin Coffee had a net margin of 9.59% and a return on equity of 38.57%.
Luckin Coffee Company Profile
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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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