Shares of Luckin Coffee Inc. (OTCMKTS:LKNCY - Get Free Report) were down 0.1% on Thursday . The stock traded as low as $30.62 and last traded at $31.98. Approximately 1,373,494 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 2,590,321 shares. The stock had previously closed at $32.00.
Luckin Coffee Stock Down 0.1%
The firm has a market capitalization of $9.07 billion, a PE ratio of 24.05 and a beta of -0.41. The firm's 50 day moving average price is $32.46 and its two-hundred day moving average price is $28.19.
Luckin Coffee (OTCMKTS:LKNCY - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.10. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.15 billion. Luckin Coffee had a net margin of 8.54% and a return on equity of 35.32%.
About Luckin Coffee
(
Get Free Report)
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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