Luckin Coffee (OTCMKTS:LKNCY) Trading 4.9% Higher - What's Next?

Shares of Luckin Coffee Inc. (OTCMKTS:LKNCY - Get Free Report) shot up 4.9% during trading on Thursday . The stock traded as high as $26.95 and last traded at $26.92. 2,291,844 shares traded hands during trading, an increase of 1% from the average session volume of 2,280,431 shares. The stock had previously closed at $25.67.

Luckin Coffee Stock Performance

The firm has a market capitalization of $7.41 billion, a P/E ratio of 24.31 and a beta of -0.64. The stock has a fifty day moving average price of $23.82 and a two-hundred day moving average price of $22.36.

Luckin Coffee (OTCMKTS:LKNCY - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.44 by $0.20. The business had revenue of $1.45 billion during the quarter. Luckin Coffee had a net margin of 7.51% and a return on equity of 30.29%.

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.