Reborn Coffee (NASDAQ:REBN) Announces Earnings Results

Reborn Coffee (NASDAQ:REBN) posted its earnings results on Monday. The company reported ($0.26) earnings per share (EPS) for the quarter, Zacks reports. Reborn Coffee had a negative return on equity of 171.86% and a negative net margin of 67.56%.

Reborn Coffee Price Performance

REBN traded down $0.06 during trading on Monday, reaching $3.69. 39,016 shares of the company were exchanged, compared to its average volume of 1,220,268. Reborn Coffee has a 12-month low of $1.03 and a 12-month high of $8.80. The company’s 50-day moving average is $4.01 and its two-hundred day moving average is $2.65. The company has a quick ratio of 0.34, a current ratio of 0.41 and a debt-to-equity ratio of 0.19. The company has a market cap of $13.55 million, a price-to-earnings ratio of -2.54 and a beta of 2.17.

Reborn Coffee Company Profile

Reborn Coffee, Inc, through its subsidiaries, operates and franchises retail locations, kiosks, and cafes that focus on serving specialty-roasted coffee in California. It purchases, roasts, and sells coffee, tea and other beverages, and various food items. It offers products in various form factors, such as whole bean roasted coffee bags, single-serve drip bags, and pour over packs.