Luckin Coffee (OTCMKTS:LKNCY) Hits New 1-Year High – Here’s What Happened

Luckin Coffee Inc. (OTCMKTS:LKNCY)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $28.99 and last traded at $28.50, with a volume of 1933097 shares changing hands. The stock had previously closed at $27.94.

Luckin Coffee Trading Up 2.0 %

The firm has a fifty day moving average of $24.63 and a 200 day moving average of $23.00. The company has a market capitalization of $7.97 billion, a P/E ratio of 26.15 and a beta of -0.69.

Luckin Coffee (OTCMKTS:LKNCY) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.20. Luckin Coffee had a net margin of 7.51% and a return on equity of 30.29%. The firm had revenue of $1.45 billion during the quarter.

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.