Luckin Coffee (OTCMKTS:LKNCY - Get Free Report) announced its earnings results on Thursday. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.18, Zacks reports. The firm had revenue of $1.32 billion during the quarter. Luckin Coffee had a return on equity of 30.29% and a net margin of 7.51%.
Luckin Coffee Stock Performance
OTCMKTS LKNCY traded down $3.29 on Friday, reaching $28.71. The stock had a trading volume of 7,509,693 shares, compared to its average volume of 1,903,373. The stock has a market cap of $8.03 billion, a P/E ratio of 26.34 and a beta of -0.71. Luckin Coffee has a 12-month low of $17.28 and a 12-month high of $33.00. The business's 50-day moving average price is $26.79 and its 200 day moving average price is $24.03.
Luckin Coffee Company Profile
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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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