Reborn Coffee (NASDAQ:REBN) Trading 3.4% Higher – Should You Buy?

Shares of Reborn Coffee, Inc. (NASDAQ:REBN) were up 3.4% on Wednesday . The stock traded as high as $1.59 and last traded at $1.51. Approximately 20,630 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 59,856 shares. The stock had previously closed at $1.46.

Reborn Coffee Price Performance

The company has a market capitalization of $5.54 million, a PE ratio of -1.04 and a beta of 2.20. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.34 and a current ratio of 0.41. The stock has a 50 day moving average price of $1.38 and a two-hundred day moving average price of $2.66.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Reborn Coffee stock. Renaissance Technologies LLC bought a new position in shares of Reborn Coffee, Inc. (NASDAQ:REBN) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 15,000 shares of the company’s stock, valued at approximately $105,000. Renaissance Technologies LLC owned 0.45% of Reborn Coffee as of its most recent SEC filing. Institutional investors own 1.76% of the company’s stock.

Reborn Coffee Company Profile

Reborn Coffee, Inc, through its subsidiaries, operates and franchises retail locations, kiosks, and cafes that focus on serving specialty-roasted coffee in California. It purchases, roasts, and sells coffee, tea and other beverages, and various food items. It offers products in various form factors, such as whole bean roasted coffee bags, single-serve drip bags, and pour over packs.