Luckin Coffee Inc. (OTCMKTS:LKNCY – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $29.93 and last traded at $29.64, with a volume of 2519513 shares traded. The stock had previously closed at $28.15.
Luckin Coffee Stock Down 0.5 %
The firm has a market cap of $8.25 billion, a price-to-earnings ratio of 23.57 and a beta of -0.71. The company’s 50-day moving average price is $25.28 and its 200-day moving average price is $23.31.
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.
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