Luckin Coffee (OTCMKTS:LKNCY) Trading 4% Higher - Here's Why

Luckin Coffee Inc. (OTCMKTS:LKNCY - Get Free Report) was up 4% on Wednesday . The company traded as high as $33.93 and last traded at $33.27. Approximately 2,186,090 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 2,717,444 shares. The stock had previously closed at $32.00.

Luckin Coffee Stock Down 2.7 %

The firm has a market cap of $9.70 billion, a price-to-earnings ratio of 25.71 and a beta of -1.11. The stock has a fifty day moving average price of $31.61 and a 200-day moving average price of $27.46.

Luckin Coffee (OTCMKTS:LKNCY - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter. Luckin Coffee had a return on equity of 35.32% and a net margin of 8.54%.

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.