Luckin Coffee (OTCMKTS:LKNCY) Hits New 52-Week High - Still a Buy?

Shares of Luckin Coffee Inc. (OTCMKTS:LKNCY - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $35.03 and last traded at $33.60, with a volume of 6795631 shares. The stock had previously closed at $31.71.

Luckin Coffee Trading Up 6.7 %

The company has a market cap of $10.03 billion, a PE ratio of 26.95 and a beta of -0.64. The business's 50-day simple moving average is $28.63 and its 200-day simple moving average is $25.19.

Luckin Coffee (OTCMKTS:LKNCY - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.18. The company had revenue of $1.32 billion during the quarter. Luckin Coffee had a net margin of 8.54% and a return on equity of 35.32%.

Luckin Coffee Company Profile

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.