Luckin Coffee (OTCMKTS:LKNCY) Downgraded to Strong Sell Rating by Zacks Research

Luckin Coffee (OTCMKTS:LKNCY) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.

Luckin Coffee Trading Down 1.0%

OTCMKTS LKNCY opened at $37.04 on Monday. Luckin Coffee has a twelve month low of $23.18 and a twelve month high of $43.64. The business’s 50-day moving average price is $34.56 and its 200 day moving average price is $37.04. The company has a market capitalization of $10.51 billion, a PE ratio of 21.05 and a beta of -0.41.

Luckin Coffee (OTCMKTS:LKNCY) last announced its quarterly earnings data on Monday, November 17th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). Luckin Coffee had a return on equity of 33.69% and a net margin of 8.45%.The company had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $1.94 billion.

About Luckin Coffee

Luckin Coffee Inc is a China-based coffeehouse chain that combines a digitally driven ordering platform with a network of physical outlets. The company’s mobile app and in-store kiosks enable customers to place orders for takeaway or delivery, while its proprietary supply chain supports rapid store expansion and consistent product quality. Luckin’s retail portfolio includes “grab-and-go” pickup points, delivery-only kitchens and full-service cafés designed to meet the varied needs of urban consumers.

Luckin’s menu features a broad range of espresso-based drinks, including lattes, Americanos and cold brews, complemented by tea-based beverages, fruit juices and a selection of light food items such as sandwiches and pastries.