Reborn Coffee (NASDAQ:REBN) Announces Earnings Results

Reborn Coffee (NASDAQ:REBN) released its earnings results on Monday. The company reported ($0.20) EPS for the quarter, Zacks reports. Reborn Coffee had a negative net margin of 75.59% and a negative return on equity of 1,131.84%.

Reborn Coffee Trading Up 6.5%

Shares of NASDAQ:REBN opened at $0.90 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.14. Reborn Coffee has a 12-month low of $0.65 and a 12-month high of $2.95. The business has a 50 day moving average of $1.30 and a two-hundred day moving average of $1.76. The company has a market capitalization of $7.36 million, a PE ratio of -0.48 and a beta of 1.95.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Reborn Coffee in a report on Friday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.