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Luckin Coffee (OTCMKTS:LKNCY) Hits New 52-Week High - Should You Buy?

Luckin Coffee logo with Consumer Staples background

Luckin Coffee Inc. (OTCMKTS:LKNCY - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $29.93 and last traded at $29.64, with a volume of 2519513 shares. The stock had previously closed at $28.15.

Luckin Coffee Trading Down 5.9 %

The firm has a market cap of $7.84 billion, a PE ratio of 25.70 and a beta of -0.71. The business has a fifty day moving average price of $25.71 and a 200 day moving average price of $23.48.

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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