Reborn Coffee (NASDAQ:REBN) Trading Down 1.2% – What’s Next?

Reborn Coffee, Inc. (NASDAQ:REBN)’s stock price was down 1.2% on Thursday . The stock traded as low as $1.57 and last traded at $1.59. 43,522 shares were traded during mid-day trading, an increase of 8% from the average session volume of 40,181 shares. The stock had previously closed at $1.61.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Reborn Coffee from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 15th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Reborn Coffee Stock Performance

The business has a 50-day simple moving average of $1.94 and a 200 day simple moving average of $1.90. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.89 and a quick ratio of 0.87. The firm has a market cap of $13.05 million, a PE ratio of -0.85 and a beta of 1.94.

Reborn Coffee (NASDAQ:REBN) last announced its quarterly earnings data on Friday, May 22nd. The company reported ($0.22) earnings per share (EPS) for the quarter. The company had revenue of $5.21 million for the quarter. Reborn Coffee had a negative net margin of 75.59% and a negative return on equity of 1,131.84%.

Institutional Trading of Reborn Coffee

A hedge fund recently bought a new stake in Reborn Coffee stock. XTX Topco Ltd bought a new position in Reborn Coffee, Inc. (NASDAQ:REBN) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 10,950 shares of the company’s stock, valued at approximately $27,000. XTX Topco Ltd owned 0.21% of Reborn Coffee as of its most recent filing with the SEC. Hedge funds and other institutional investors own 1.76% of the company’s stock.

About Reborn Coffee

Reborn Coffee, Inc, through its subsidiaries, operates and franchises retail locations, kiosks, and cafes that focus on serving specialty-roasted coffee in California. It purchases, roasts, and sells coffee, tea and other beverages, and various food items. It offers products in various form factors, such as whole bean roasted coffee bags, single-serve drip bags, and pour over packs. The company also offers its products online. Reborn Coffee, Inc was founded in 2014 and is headquartered in Brea, California.