Reborn Coffee, Inc. (NASDAQ:REBN – Get Free Report)’s share price shot up 16.9% during mid-day trading on Monday . The company traded as high as $1.61 and last traded at $1.52. 40,195 shares were traded during trading, a decline of 65% from the average session volume of 114,510 shares. The stock had previously closed at $1.30.
Reborn Coffee Stock Down 5.3 %
The business has a 50-day moving average price of $1.34 and a 200-day moving average price of $2.78. The company has a market capitalization of $3.86 million, a price-to-earnings ratio of -0.71 and a beta of 1.86. The company has a quick ratio of 0.50, a current ratio of 0.55 and a debt-to-equity ratio of 0.54.
Reborn Coffee (NASDAQ:REBN – Get Free Report) last posted its quarterly earnings results on Thursday, March 28th. The company reported ($0.07) earnings per share for the quarter. The business had revenue of $1.80 million for the quarter. Reborn Coffee had a negative net margin of 67.15% and a negative return on equity of 182.98%.
About Reborn Coffee
Reborn Coffee, Inc 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. Reborn Coffee, Inc was founded in 2014 and is based in Brea, California.
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