Luckin Coffee (OTCMKTS:LKNCY) Hits New 52-Week High – What’s Next?

Luckin Coffee Inc. (OTCMKTS:LKNCY) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $35.03 and last traded at $33.60, with a volume of 6795631 shares changing hands. The stock had previously closed at $31.71.

Luckin Coffee Price Performance

The company’s 50 day moving average price is $28.30 and its two-hundred day moving average price is $24.91. The stock has a market capitalization of $9.40 billion, a PE ratio of 25.26 and a beta of -0.64.

Luckin Coffee (OTCMKTS:LKNCY) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.18. The company had revenue of $1.32 billion for the quarter. Luckin Coffee had a net margin of 8.54% and a return on equity of 35.32%.

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.