Luckin Coffee (OTCMKTS:LKNCY) Trading Up 4.9% – Still a Buy?

Luckin Coffee Inc. (OTCMKTS:LKNCY)’s share price shot up 4.9% on Thursday . The company traded as high as $26.95 and last traded at $26.92. 2,291,844 shares changed hands during mid-day trading, an increase of 1% from the average session volume of 2,280,431 shares. The stock had previously closed at $25.67.

Luckin Coffee Stock Performance

The business’s fifty day moving average price is $23.87 and its two-hundred day moving average price is $22.38. The stock has a market capitalization of $7.41 billion, a P/E ratio of 24.31 and a beta of -0.64.

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

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.