Reborn Coffee (NASDAQ:REBN) Receives “Sell (E+)” Rating from Weiss Ratings

Weiss Ratings reiterated their sell (e+) rating on shares of Reborn Coffee (NASDAQ:REBN) in a report released on Friday,Weiss Ratings reports.

Reborn Coffee Stock Performance

NASDAQ REBN opened at $1.84 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.14 and a quick ratio of 0.11. Reborn Coffee has a 1 year low of $1.03 and a 1 year high of $8.30. The company has a market capitalization of $10.98 million, a PE ratio of -0.84 and a beta of 2.13. The company has a fifty day moving average of $2.42 and a two-hundred day moving average of $2.63.

Reborn Coffee (NASDAQ:REBN) last released its quarterly earnings data on Thursday, August 14th. The company reported ($1.02) earnings per share (EPS) for the quarter. Reborn Coffee had a negative net margin of 152.76% and a negative return on equity of 995.56%. The company had revenue of $1.84 million during the quarter.

Institutional Investors Weigh In On Reborn Coffee

A hedge fund recently bought a new stake in Reborn Coffee stock. XTX Topco Ltd bought a new position in shares of Reborn Coffee, Inc. (NASDAQ:REBN) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,950 shares of the company’s stock, valued at approximately $27,000. XTX Topco Ltd owned 0.21% of Reborn Coffee as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 1.76% of the company’s stock.

About Reborn Coffee

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.