Luckin Coffee (OTCMKTS:LKNCY) Trading 4.9% Higher – Here’s Why

Shares of Luckin Coffee Inc. (OTCMKTS:LKNCY) shot up 4.9% on Thursday . The stock traded as high as $26.95 and last traded at $26.92. 2,291,844 shares changed hands during mid-day trading, an increase of 1% from the average session volume of 2,280,431 shares. The stock had previously closed at $25.67.

Luckin Coffee Trading Down 1.6 %

The firm has a market capitalization of $7.41 billion, a P/E ratio of 24.31 and a beta of -0.64. The company has a 50 day simple moving average of $23.87 and a two-hundred day simple moving average of $22.38.

Luckin Coffee (OTCMKTS:LKNCY) last posted its earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.20. The company had revenue of $1.45 billion during the quarter. Luckin Coffee had a net margin of 7.51% and a return on equity of 30.29%.

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.