Zacks Research Downgrades Luckin Coffee (OTCMKTS:LKNCY) to Strong Sell

Luckin Coffee (OTCMKTS:LKNCY) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Luckin Coffee Stock Down 1.0%

Shares of LKNCY opened at $37.04 on Monday. The company has a market cap of $10.51 billion, a PE ratio of 21.05 and a beta of -0.41. The business has a fifty day moving average of $34.56 and a 200 day moving average of $37.04. Luckin Coffee has a 52-week low of $23.18 and a 52-week high of $43.64.

Luckin Coffee (OTCMKTS:LKNCY) last announced its quarterly earnings data on Monday, November 17th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). Luckin Coffee had a net margin of 8.45% and a return on equity of 33.69%. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $1.94 billion.

Luckin Coffee Company Profile

Luckin Coffee Inc is a China-based coffeehouse chain that combines a digitally driven ordering platform with a network of physical outlets. The company’s mobile app and in-store kiosks enable customers to place orders for takeaway or delivery, while its proprietary supply chain supports rapid store expansion and consistent product quality. Luckin’s retail portfolio includes “grab-and-go” pickup points, delivery-only kitchens and full-service cafés designed to meet the varied needs of urban consumers.

Luckin’s menu features a broad range of espresso-based drinks, including lattes, Americanos and cold brews, complemented by tea-based beverages, fruit juices and a selection of light food items such as sandwiches and pastries.