Luckin Coffee (OTCMKTS:LKNCY) Sets New 52-Week High – Still a Buy?

Luckin Coffee Inc. (OTCMKTS:LKNCY) shares reached a new 52-week high on Wednesday . The company traded as high as $38.03 and last traded at $37.91, with a volume of 4300004 shares. The stock had previously closed at $35.64.

Luckin Coffee Stock Performance

The stock has a market capitalization of $8.96 billion, a P/E ratio of 24.07 and a beta of -1.11. The business has a 50 day simple moving average of $30.95 and a 200-day simple moving average of $26.47.

Luckin Coffee (OTCMKTS:LKNCY) last announced its earnings results on Thursday, February 20th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.18. Luckin Coffee had a return on equity of 35.32% and a net margin of 8.54%. The business had revenue of $1.32 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.