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Luckin Coffee (OTCMKTS:LKNCY) Reaches New 12-Month High - What's Next?

Luckin Coffee logo with Consumer Staples background

Luckin Coffee Inc. (OTCMKTS:LKNCY - Get Free Report)'s share price reached a new 52-week high on Tuesday . The stock 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 Price Performance

The company's 50-day moving average price is $26.05 and its 200-day moving average price is $23.62. The company has a market cap of $8.45 billion, a P/E ratio of 27.71 and a beta of -0.71.

About Luckin Coffee

(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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