Reborn Coffee (NASDAQ:REBN) Stock Price Down 2.4% – Should You Sell?

Reborn Coffee, Inc. (NASDAQ:REBN)’s stock price fell 2.4% during trading on Monday . The stock traded as low as $1.60 and last traded at $1.61. 22,467 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 61,754 shares. The stock had previously closed at $1.65.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Reborn Coffee in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Reborn Coffee currently has a consensus rating of “Sell”.

Reborn Coffee Price Performance

The stock’s 50-day moving average is $1.85 and its 200 day moving average is $2.37. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.06 and a current ratio of 0.08. The stock has a market capitalization of $8.91 million, a PE ratio of -0.58 and a beta of 2.08.

Reborn Coffee (NASDAQ:REBN) last announced its quarterly earnings results on Wednesday, November 19th. The company reported ($0.68) earnings per share for the quarter. The company had revenue of $2.71 million during the quarter. Reborn Coffee had a negative net margin of 191.48% and a negative return on equity of 995.56%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Reborn Coffee stock. XTX Topco Ltd acquired a new stake in Reborn Coffee, Inc. (NASDAQ:REBN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,950 shares of the company’s stock, valued at approximately $27,000. XTX Topco Ltd owned 0.21% of Reborn Coffee at the end of the most recent quarter. Hedge funds and other institutional investors own 1.76% of the company’s stock.

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.