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 mid-day trading on Thursday . The company traded as high as $28.99 and last traded at $28.50, with a volume of 1933097 shares trading hands. The stock had previously closed at $27.94.

Luckin Coffee Price Performance

The firm has a market cap of $7.97 billion, a P/E ratio of 26.15 and a beta of -0.69. The company’s 50-day simple moving average is $24.63 and its 200 day simple moving average is $23.00.

Luckin Coffee (OTCMKTS:LKNCY) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.20. The company 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%.

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.