Luckin Coffee (OTCMKTS:LKNCY) Trading 1.9% Higher

Shares of Luckin Coffee Inc. (OTCMKTS:LKNCYGet Rating) rose 1.9% on Tuesday . The company traded as high as $21.86 and last traded at $21.26. Approximately 1,046,191 shares changed hands during trading, a decline of 39% from the average daily volume of 1,716,767 shares. The stock had previously closed at $20.87.

Luckin Coffee Stock Performance

The business has a fifty day moving average of $24.59 and a two-hundred day moving average of $24.26. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 53.15 and a beta of -0.72.

Luckin Coffee (OTCMKTS:LKNCYGet Rating) last issued its quarterly earnings data on Thursday, March 2nd. The company reported $0.08 earnings per share for the quarter. The company had revenue of $535.73 million for the quarter. Luckin Coffee had a net margin of 6.63% and a return on equity of 31.43%.

About Luckin Coffee

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Luckin Coffee, Inc provides food and beverage items, and operates coffee retail stores. It manages pick-up stores, relax stores, and delivery kitchens. Its offerings include both 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.

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