Reborn Coffee (NASDAQ:REBN) Stock Price Down 1.2% – What’s Next?

Reborn Coffee, Inc. (NASDAQ:REBN) shares fell 1.2% during mid-day trading on Thursday . The stock traded as low as $1.57 and last traded at $1.59. Approximately 43,522 shares were traded during trading, an increase of 8% from the average daily volume of 40,181 shares. The stock had previously closed at $1.61.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Reborn Coffee from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Reborn Coffee presently has an average rating of “Sell”.

Reborn Coffee Stock Performance

The firm has a market capitalization of $13.05 million, a PE ratio of -0.85 and a beta of 1.94. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.14. The business’s 50 day simple moving average is $1.94 and its two-hundred day simple moving average is $1.90.

Reborn Coffee (NASDAQ:REBN) last released its quarterly earnings results on Friday, May 22nd. The company reported ($0.22) earnings per share (EPS) for the quarter. Reborn Coffee had a negative return on equity of 1,131.84% and a negative net margin of 75.59%.The firm had revenue of $5.21 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Reborn Coffee stock. XTX Topco Ltd purchased a new stake in shares of Reborn Coffee, Inc. (NASDAQ:REBN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,950 shares of the company’s stock, valued at approximately $27,000. XTX Topco Ltd owned 0.21% of Reborn Coffee as of its most recent SEC filing. Hedge funds and other institutional investors own 1.76% of the company’s stock.

Reborn Coffee Company Profile

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. The company also offers its products online. Reborn Coffee, Inc was founded in 2014 and is headquartered in Brea, California.