Reborn Coffee (NASDAQ:REBN) Trading 3.4% Higher – Here’s What Happened

Shares of Reborn Coffee, Inc. (NASDAQ:REBN) traded up 3.4% during trading on Wednesday . The stock traded as high as $1.59 and last traded at $1.51. 20,630 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 59,856 shares. The stock had previously closed at $1.46.

Reborn Coffee Stock Performance

The company’s fifty day moving average price is $1.36 and its 200 day moving average price is $2.67. The company has a market cap of $5.54 million, a PE ratio of -1.04 and a beta of 2.20. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.41 and a quick ratio of 0.34.

Institutional Trading of Reborn Coffee

An institutional investor recently bought a new position in Reborn Coffee stock. Renaissance Technologies LLC purchased a new stake in shares of Reborn Coffee, Inc. (NASDAQ:REBN) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,000 shares of the company’s stock, valued at approximately $105,000. Renaissance Technologies LLC owned 0.45% of Reborn Coffee as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 1.76% of the company’s stock.

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.