Luckin Coffee Inc. (OTCMKTS:LKNCY – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $36.35 and last traded at $26.58, with a volume of 5868820 shares. The stock had previously closed at $24.00.
Luckin Coffee Price Performance
The company has a market capitalization of $7.44 billion, a P/E ratio of 28.58 and a beta of -0.52. The stock has a 50-day moving average price of $22.34 and a 200-day moving average price of $21.28.
Luckin Coffee (OTCMKTS:LKNCY – Get Free Report) last issued its earnings results on Tuesday, July 30th. The company reported $0.40 earnings per share for the quarter. The business had revenue of $1.16 billion during the quarter. Luckin Coffee had a return on equity of 29.38% and a net margin of 7.12%.
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.
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