Reborn Coffee (NASDAQ:REBN) Trading Down 2.4% – What’s Next?

Shares of Reborn Coffee, Inc. (NASDAQ:REBN) were down 2.4% during mid-day trading on Monday . The stock traded as low as $1.60 and last traded at $1.61. Approximately 22,467 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 61,754 shares. The stock had previously closed at $1.65.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Reborn Coffee in a report on Friday, October 31st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Reborn Coffee Price Performance

The company has a market capitalization of $9.63 million, a price-to-earnings ratio of -0.63 and a beta of 2.07. The company has a current ratio of 0.08, a quick ratio of 0.06 and a debt-to-equity ratio of 1.19. The company has a 50 day moving average price of $1.89 and a 200 day moving average price of $2.38.

Reborn Coffee (NASDAQ:REBN) last issued its earnings results on Wednesday, November 19th. The company reported ($0.68) earnings per share (EPS) for the quarter. The company had revenue of $2.71 million for the quarter. Reborn Coffee had a negative return on equity of 995.56% and a negative net margin of 191.48%.

Institutional Inflows and Outflows

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