Luckin Coffee (OTCMKTS:LKNCY) Trading Down 0.9% – Here’s What Happened

Luckin Coffee Inc. (OTCMKTS:LKNCY)’s stock price traded down 0.9% during trading on Friday . The company traded as low as $34.40 and last traded at $34.70. 1,448,938 shares changed hands during trading, a decline of 40% from the average session volume of 2,429,047 shares. The stock had previously closed at $35.02.

Luckin Coffee Stock Performance

The firm has a market cap of $9.84 billion, a P/E ratio of 26.09 and a beta of -0.27. The firm has a fifty day moving average of $32.16 and a 200-day moving average of $29.18.

Luckin Coffee (OTCMKTS:LKNCY) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.10. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.15 billion. Luckin Coffee had a return on equity of 35.32% and a net margin of 8.54%.

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.