Luckin Coffee (OTCMKTS:LKNCY) Shares Up 0.1% – Here’s Why

Luckin Coffee Inc. (OTCMKTS:LKNCY) traded up 0.1% on Wednesday . The company traded as high as $24.20 and last traded at $24.03. 265,879 shares were traded during trading, a decline of 89% from the average session volume of 2,365,237 shares. The stock had previously closed at $24.00.

Luckin Coffee Stock Performance

The company has a fifty day simple moving average of $23.96 and a two-hundred day simple moving average of $21.85. The firm has a market capitalization of $6.57 billion, a PE ratio of 21.86 and a beta of -0.64.

Luckin Coffee (OTCMKTS:LKNCY) last announced its earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.20. Luckin Coffee had a return on equity of 30.29% and a net margin of 7.51%. The business had revenue of $1.45 billion for the quarter.

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.