Luckin Coffee Inc.'s shares saw a 1.9% increase on Friday, trading as high as $21.20 and closing at $21.10. This uptick comes despite a 55% decline in trading volume, with approximately 1,214,267 shares traded hands during mid-day trading. The company's market cap stands at $5.90 billion, with a P/E ratio of 22.69 and a beta of -0.52. In its recent quarterly earnings report, Luckin Coffee posted a revenue of $869.51 million, with a return on equity of 32.90% and a net margin of 8.18%. Despite reporting a loss of $0.01 earnings per share, the company's stock has been trending upward. This increase may be attributed to the company's efforts to expand its retail services in the People's Republic of China, offering a range of freshly brewed drinks and pre-made food and beverage items.
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