Shares of Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 2,047,068 shares were traded during mid-day trading, an increase of 96% from the previous session’s volume of 1,043,080 shares.The stock last traded at $34.44 and had previously closed at $34.76.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded Luckin Coffee to a “hold” rating in a research note on Thursday, November 20th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Luckin Coffee presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.
View Our Latest Report on LKNCY
Luckin Coffee Trading Down 2.9%
Luckin Coffee (OTCMKTS:LKNCY – Get Free Report) last issued its earnings results on Monday, November 17th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). Luckin Coffee had a net margin of 8.45% and a return on equity of 33.69%. The business 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.
