Reborn Coffee (NASDAQ:REBN) Shares Down 3.3% – What’s Next?

Shares of Reborn Coffee, Inc. (NASDAQ:REBNGet Free Report) dropped 3.3% during trading on Thursday . The stock traded as low as $2.68 and last traded at $2.63. Approximately 16,010 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 754,281 shares. The stock had previously closed at $2.72.

Reborn Coffee Price Performance

The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.24 and a current ratio of 0.28. The company has a market cap of $13.95 million, a PE ratio of -1.74 and a beta of 2.17. The company’s 50-day simple moving average is $2.62 and its 200 day simple moving average is $3.02.

Reborn Coffee (NASDAQ:REBNGet Free Report) last released its quarterly earnings data on Tuesday, May 20th. The company reported ($0.47) earnings per share (EPS) for the quarter. The firm had revenue of $1.69 million for the quarter. Reborn Coffee had a negative return on equity of 292.03% and a negative net margin of 98.41%.

Institutional Investors Weigh In On Reborn Coffee

An institutional investor recently raised its position in Reborn Coffee stock. Citadel Advisors LLC lifted its position in shares of Reborn Coffee, Inc. (NASDAQ:REBNFree Report) by 33.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,177 shares of the company’s stock after purchasing an additional 5,554 shares during the period. Citadel Advisors LLC owned about 0.60% of Reborn Coffee worth $37,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.76% of the company’s stock.

Reborn Coffee Company Profile

(Get Free Report)

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.

Further Reading

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