Reborn Coffee (NASDAQ:REBN) Posts Earnings Results

Reborn Coffee (NASDAQ:REBN) released its earnings results on Monday. The company reported ($0.20) earnings per share (EPS) for the quarter, Zacks reports. Reborn Coffee had a negative return on equity of 1,131.84% and a negative net margin of 75.59%.

Reborn Coffee Stock Up 6.5%

Shares of REBN traded up $0.05 during midday trading on Monday, reaching $0.90. 114,874 shares of the stock were exchanged, compared to its average volume of 94,007. The company has a market capitalization of $7.35 million, a P/E ratio of -0.48 and a beta of 1.95. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.14. Reborn Coffee has a 52 week low of $0.65 and a 52 week high of $2.95. The company’s 50 day moving average is $1.31 and its two-hundred day moving average is $1.77.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Reborn Coffee in a report on Friday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

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.