Luckin Coffee (OTCMKTS:LKNCY) Issues Earnings Results

Luckin Coffee (OTCMKTS:LKNCY) announced its quarterly earnings results on Thursday. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.17), Zacks reports. Luckin Coffee had a return on equity of 33.69% and a net margin of 8.45%.

Luckin Coffee Price Performance

Luckin Coffee stock traded down $1.77 during mid-day trading on Thursday, reaching $35.78. 2,436,647 shares of the company traded hands, compared to its average volume of 1,895,008. The firm’s fifty day moving average is $34.97 and its two-hundred day moving average is $37.02. Luckin Coffee has a fifty-two week low of $24.85 and a fifty-two week high of $43.64. The company has a market capitalization of $10.15 billion, a price-to-earnings ratio of 20.33 and a beta of -0.41.

Analysts Set New Price Targets

Separately, Zacks Research lowered Luckin Coffee from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Luckin Coffee presently has a consensus rating of “Hold” and an average price target of $52.00.

About Luckin Coffee

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.