Luckin Coffee (OTCMKTS:LKNCY) Trading Up 4% - What's Next?

Luckin Coffee Inc. (OTCMKTS:LKNCY - Get Free Report)'s share price rose 4% on Wednesday . The stock traded as high as $33.93 and last traded at $33.27. Approximately 2,186,090 shares traded hands during trading, a decline of 20% from the average daily volume of 2,717,444 shares. The stock had previously closed at $32.00.

Luckin Coffee Price Performance

The company has a market cap of $9.36 billion, a P/E ratio of 24.80 and a beta of -1.11. The company's 50-day moving average price is $31.45 and its 200-day moving average price is $27.35.

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, beating analysts' consensus estimates of $0.22 by $0.18. The business had revenue of $1.32 billion for the quarter. Luckin Coffee had a return on equity of 35.32% and a net margin of 8.54%.

About Luckin Coffee

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.