Luckin Coffee (OTCMKTS:LKNCY) Reaches New 52-Week High – Should You Buy?

Luckin Coffee Inc. (OTCMKTS:LKNCY)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $36.35 and last traded at $26.58, with a volume of 5868820 shares trading hands. The stock had previously closed at $24.00.

Luckin Coffee Trading Down 7.0 %

The stock has a market capitalization of $7.06 billion, a price-to-earnings ratio of 22.27 and a beta of -0.52. The firm has a 50-day moving average of $22.54 and a 200 day moving average of $21.36.

Luckin Coffee (OTCMKTS:LKNCY) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.40 earnings per share for the quarter. Luckin Coffee had a net margin of 7.51% and a return on equity of 32.31%. The company had revenue of $1.16 billion during the quarter.

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.