Shares of Luckin Coffee Inc. (OTCMKTS:LKNCY – Get Free Report) hit a new 52-week high during trading on Friday . The company traded as high as $35.03 and last traded at $33.60, with a volume of 6795631 shares trading hands. The stock had previously closed at $31.71.
Luckin Coffee Stock Up 6.0 %
The stock has a 50 day moving average price of $28.44 and a 200 day moving average price of $25.04. The stock has a market capitalization of $9.40 billion, a price-to-earnings ratio of 25.26 and a beta of -0.64.
Luckin Coffee (OTCMKTS:LKNCY – Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.18. Luckin Coffee had a return on equity of 35.32% and a net margin of 8.54%. The firm had revenue of $1.32 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.
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