Luckin Coffee (OTCMKTS:LKNCY) Rating Lowered to "Hold" at Wall Street Zen
Wall Street Zen has downgraded Luckin Coffee (OTCMKTS:LKNCY) from a "buy" to a "hold" rating. The company's stock rose 1.0% to $37.11, with a market cap of $10.53 billion and a P/E ratio of 21.09. Luckin reported $0.64 EPS for the last quarter, exceeding estimates, but revenue fell short at $1.72 billion. Analysts suggest that Luckin Coffee is currently not among the top recommended stocks.
Luckin Coffee (OTCMKTS:LKNCY - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.
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Luckin Coffee Trading Up 1.0%
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Shares of Luckin Coffee stock traded up $0.35 on Friday, reaching $37.11. The stock had a trading volume of 2,016,543 shares, compared to its average volume of 2,295,308. The business's 50 day moving average is $36.05 and its two-hundred day moving average is $32.65. The company has a market cap of $10.53 billion, a P/E ratio of 21.09 and a beta of -0.24. Luckin Coffee has a 1 year low of $17.28 and a 1 year high of $40.00.
Luckin Coffee (OTCMKTS:LKNCY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.57. Luckin Coffee had a return on equity of 36.80% and a net margin of 9.59%. The firm had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.82 billion.
About Luckin Coffee
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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.
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