Luckin Coffee Stock Hits New 52-Week Low Amid Market Volatility

Luckin Coffee Stock Hits New 52-Week Low Amid Market Volatility

Luckin Coffee Inc. (OTCMKTS:LKNCY) saw its stock price drop to a fresh 52-week low on Friday, hitting $18.00 at its lowest point before closing at $18.01, a decrease from the previous close of $18.34. The stock traded 1,463,809 shares during the session. With a market capitalization of $5.04 billion and a price-to-earnings ratio of 16.23, the company's stock performance has been under scrutiny. The company's beta stands at -0.52, indicating its sensitivity to market movements. The stock's 50-day moving average is $21.32, while the 200-day moving average is $23.85, reflecting a downward trend over recent months. On April 30th, Luckin Coffee reported a marginal loss of $0.01 per share for the quarter despite generating $869.51 million in revenue. The company maintains a return on equity of 32.90% and a net margin of 8.18%. Luckin Coffee provides a range of freshly brewed coffee drinks and pre-made food items across China, catering to seasonal and market trends.

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