Reborn Coffee (NASDAQ:REBN) Stock Price Down 12.5% – Should You Sell?

Reborn Coffee, Inc. (NASDAQ:REBN)’s share price fell 12.5% during mid-day trading on Thursday . The company traded as low as $1.20 and last traded at $1.26. 136,480 shares were traded during mid-day trading, a decline of 13% from the average session volume of 156,725 shares. The stock had previously closed at $1.44.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Reborn Coffee from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 15th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Reborn Coffee presently has an average rating of “Sell”.

Reborn Coffee Stock Up 4.0%

The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average price of $1.44 and a 200-day moving average price of $1.83. The firm has a market cap of $10.76 million, a price-to-earnings ratio of -0.70 and a beta of 1.96.

Reborn Coffee (NASDAQ:REBN) last issued its quarterly earnings data on Friday, May 22nd. The company reported ($0.22) EPS for the quarter. The business had revenue of $5.21 million during the quarter. Reborn Coffee had a negative net margin of 75.59% and a negative return on equity of 1,131.84%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Reborn Coffee stock. XTX Topco Ltd acquired a new stake in Reborn Coffee, Inc. (NASDAQ:REBN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,950 shares of the company’s stock, valued at approximately $27,000. XTX Topco Ltd owned about 0.21% of Reborn Coffee at the end of the most recent reporting period. 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. The company also offers its products online. Reborn Coffee, Inc was founded in 2014 and is headquartered in Brea, California.