Luckin Coffee (OTCMKTS:LKNCY) Trading 4.9% Higher – Here’s What Happened

Luckin Coffee Inc. (OTCMKTS:LKNCYGet Free Report) shares traded up 4.9% during mid-day trading on Thursday . The company traded as high as $26.95 and last traded at $26.92. 2,291,844 shares changed hands during mid-day trading, an increase of 1% from the average session volume of 2,280,431 shares. The stock had previously closed at $25.67.

Luckin Coffee Stock Up 4.9 %

The company has a market capitalization of $7.53 billion, a PE ratio of 24.70 and a beta of -0.64. The firm’s 50 day simple moving average is $23.76 and its 200 day simple moving average is $22.33.

Luckin Coffee (OTCMKTS:LKNCYGet Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.20. The firm had revenue of $1.45 billion during the quarter. Luckin Coffee had a net margin of 7.51% and a return on equity of 30.29%.

Luckin Coffee Company Profile

(Get Free Report)

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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