Luckin Coffee (OTCMKTS:LKNCY) Announces Quarterly Earnings Results

Luckin Coffee (OTCMKTS:LKNCY) announced its earnings results on Thursday. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.18, Zacks reports. Luckin Coffee had a return on equity of 30.29% and a net margin of 7.51%.

Luckin Coffee Stock Performance

Shares of OTCMKTS LKNCY traded down $1.20 during trading on Thursday, hitting $29.68. The company had a trading volume of 4,278,962 shares, compared to its average volume of 1,492,045. The stock has a 50 day simple moving average of $26.52 and a 200 day simple moving average of $23.90. Luckin Coffee has a 12 month low of $17.28 and a 12 month high of $31.30. The firm has a market capitalization of $8.30 billion, a P/E ratio of 27.23 and a beta of -0.71.

Luckin Coffee Company Profile

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.