Reborn Coffee (NASDAQ:REBN) Issues Quarterly Earnings Results

Reborn Coffee (NASDAQ:REBN) announced its quarterly earnings results on Monday. The company reported ($0.26) earnings per share for the quarter, Zacks reports. Reborn Coffee had a negative net margin of 67.56% and a negative return on equity of 171.86%.

Reborn Coffee Stock Performance

NASDAQ:REBN opened at $3.69 on Tuesday. Reborn Coffee has a twelve month low of $1.03 and a twelve month high of $8.80. The company has a quick ratio of 0.34, a current ratio of 0.41 and a debt-to-equity ratio of 0.19. The stock has a market cap of $13.55 million, a P/E ratio of -2.54 and a beta of 2.17. The business’s 50-day moving average price is $4.05 and its two-hundred day moving average price is $2.65.

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.