Luckin Coffee (OTCMKTS:LKNCY) Trading 5.2% Higher - Still a Buy?

Key Points

• Luckin Coffee's stock price rose 5.2% to $38.15, despite experiencing a 30% decline in trading volume compared to its average session.
• The company reported earnings per share (EPS) of $0.24 for the last quarter, surpassing the consensus estimate of $0.14, with revenues reaching $1.22 billion.
• Luckin Coffee's strong return on equity of 36.55% and net margin of 9.58% indicate solid operational efficiency and profitability.

Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY - Get Free Report) shares traded up 5.2% during mid-day trading on Monday . The stock traded as high as $38.37 and last traded at $38.15. 1,607,075 shares were traded during trading, a decline of 30% from the average session volume of 2,284,494 shares. The stock had previously closed at $36.25.

Luckin Coffee Price Performance

The stock has a market capitalization of $11.00 billion, a P/E ratio of 24.24 and a beta of -0.25. The firm has a 50 day moving average of $35.46 and a 200-day moving average of $32.31.

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

Luckin Coffee Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.