Luckin Coffee (OTCMKTS:LKNCY) Stock Price Up 2.1% – Still a Buy?

Luckin Coffee Inc. (OTCMKTS:LKNCY)’s share price traded up 2.1% during mid-day trading on Thursday . The stock traded as high as $31.90 and last traded at $31.71. 1,558,930 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 2,251,528 shares. The stock had previously closed at $31.05.

Luckin Coffee Trading Up 6.0 %

The company has a market capitalization of $9.40 billion, a PE ratio of 25.26 and a beta of -0.64. The firm’s 50-day simple moving average is $28.44 and its 200-day simple moving average is $25.00.

Luckin Coffee (OTCMKTS:LKNCY) last released 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. Luckin Coffee had a net margin of 8.54% and a return on equity of 35.32%. The company had revenue of $1.32 billion during the quarter.

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.