Reborn Coffee (NASDAQ:REBN) Announces Earnings Results

Reborn Coffee (NASDAQ:REBN) announced its quarterly earnings data on Monday. The company reported ($0.20) EPS for the quarter, Zacks reports. Reborn Coffee had a negative net margin of 75.59% and a negative return on equity of 1,131.84%.

Reborn Coffee Stock Performance

Shares of REBN traded up $0.05 during mid-day trading on Monday, reaching $0.90. 114,874 shares of the company’s stock were exchanged, compared to its average volume of 94,007. The stock has a market capitalization of $7.35 million, a PE ratio of -0.48 and a beta of 1.95. The business’s fifty day simple moving average is $1.31 and its 200-day simple moving average is $1.77. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.89 and a quick ratio of 0.87. Reborn Coffee has a 52-week low of $0.65 and a 52-week high of $2.95.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Reborn Coffee in a research report on Friday. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

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. The company also offers its products online. Reborn Coffee, Inc was founded in 2014 and is headquartered in Brea, California.