Reborn Coffee (NASDAQ:REBN) Trading Down 11.3% – Time to Sell?

Reborn Coffee, Inc. (NASDAQ:REBN) fell 11.3% during trading on Wednesday . The company traded as low as $1.40 and last traded at $1.41. 65,851 shares changed hands during mid-day trading, an increase of 103% from the average session volume of 32,388 shares. The stock had previously closed at $1.59.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Reborn Coffee from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Reborn Coffee currently has an average rating of “Sell”.

Reborn Coffee Stock Performance

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 stock has a fifty day moving average price of $2.25 and a 200-day moving average price of $1.92. The firm has a market capitalization of $11.58 million, a price-to-earnings ratio of -0.76 and a beta of 1.87.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Reborn Coffee stock. DRW Securities LLC acquired a new position in shares of Reborn Coffee, Inc. (NASDAQ:REBN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 64,986 shares of the company’s stock, valued at approximately $97,000. DRW Securities LLC owned approximately 1.09% 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. The company also offers its products online. Reborn Coffee, Inc was founded in 2014 and is headquartered in Brea, California.