Shares of Reborn Coffee, Inc. (NASDAQ:REBN – Get 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:REBN – Get 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
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.
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