Reborn Coffee (NASDAQ:REBN – Get Free Report) issued its earnings results on Wednesday. The company reported ($0.68) EPS for the quarter, FiscalAI reports. Reborn Coffee had a negative return on equity of 995.56% and a negative net margin of 152.76%.The business had revenue of $2.71 million during the quarter.
Reborn Coffee Stock Performance
NASDAQ:REBN traded up $0.18 during mid-day trading on Wednesday, hitting $1.77. 89,616 shares of the company’s stock traded hands, compared to its average volume of 815,700. The company has a current ratio of 0.14, a quick ratio of 0.11 and a debt-to-equity ratio of 1.19. The firm has a 50 day moving average of $2.18 and a two-hundred day moving average of $2.52. The firm has a market capitalization of $10.57 million, a price-to-earnings ratio of -0.81 and a beta of 2.10. Reborn Coffee has a 12 month low of $1.05 and a 12 month high of $8.30.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Reborn Coffee in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.
Institutional Investors Weigh In On Reborn Coffee
An institutional investor recently bought a new position in Reborn Coffee stock. XTX Topco Ltd bought a new position in shares of Reborn Coffee, Inc. (NASDAQ:REBN – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,950 shares of the company’s stock, valued at approximately $27,000. XTX Topco Ltd owned 0.21% of Reborn Coffee at the end of the most recent quarter. Institutional investors own 1.76% of the company’s stock.
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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