Reborn Coffee (NASDAQ:REBN) Releases Quarterly Earnings Results

Reborn Coffee (NASDAQ:REBN) posted its earnings results on Tuesday. The company reported ($0.47) earnings per share (EPS) for the quarter, Zacks reports. Reborn Coffee had a negative net margin of 67.56% and a negative return on equity of 171.86%.

Reborn Coffee Trading Down 1.4%

NASDAQ:REBN traded down $0.04 on Tuesday, reaching $2.77. The stock had a trading volume of 39,223 shares, compared to its average volume of 761,469. Reborn Coffee has a 12-month low of $1.03 and a 12-month high of $8.80. The company has a market cap of $12.66 million, a price-to-earnings ratio of -1.91 and a beta of 2.35. The firm’s fifty day moving average is $3.34 and its two-hundred day moving average is $2.75. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.41 and a quick ratio of 0.34.

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.