Luckin Coffee Inc. (OTCMKTS:LKNCY - Get Free Report) shares traded down 0.1% on Thursday . The company traded as low as $30.62 and last traded at $31.98. 1,373,494 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 2,590,321 shares. The stock had previously closed at $32.00.
Luckin Coffee Stock Performance
The company's 50-day moving average price is $32.50 and its 200-day moving average price is $28.37. The firm has a market capitalization of $9.07 billion, a PE ratio of 24.05 and a beta of -0.41.
Luckin Coffee (OTCMKTS:LKNCY - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.10. Luckin Coffee had a return on equity of 35.32% and a net margin of 8.54%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.15 billion.
About Luckin Coffee
(
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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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