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Luckin Coffee (OTCMKTS:LKNCY) Reaches New 1-Year High - What's Next?

Luckin Coffee logo with Consumer Staples background

Luckin Coffee Inc. (OTCMKTS:LKNCY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $30.05 and last traded at $28.01, with a volume of 2225144 shares changing hands. The stock had previously closed at $29.77.

Luckin Coffee Trading Up 2.0 %

The stock has a market capitalization of $8.45 billion, a P/E ratio of 27.71 and a beta of -0.71. The company has a 50-day moving average price of $26.18 and a 200 day moving average price of $23.71.

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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