Reborn Coffee (NASDAQ:REBN) Issues Earnings Results

Reborn Coffee (NASDAQ:REBN) issued its quarterly earnings data on Wednesday. The company reported $0.44 EPS for the quarter, Zacks reports. The business had revenue of $3.21 million during the quarter.

Reborn Coffee Price Performance

NASDAQ:REBN traded up $0.15 on Friday, reaching $2.54. The stock had a trading volume of 16,318 shares, compared to its average volume of 88,431. The company has a market cap of $15.16 million, a price-to-earnings ratio of -1.36 and a beta of 1.92. The firm’s fifty day moving average is $2.07 and its two-hundred day moving average is $1.89. Reborn Coffee has a 12-month low of $1.36 and a 12-month high of $3.45.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Reborn Coffee in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Reborn Coffee has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Reborn Coffee stock. XTX Topco Ltd acquired a new position in shares of Reborn Coffee, Inc. (NASDAQ:REBN) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,950 shares of the company’s stock, valued at approximately $27,000. XTX Topco Ltd owned 0.21% of Reborn Coffee at the end of the most recent reporting period. 1.76% of the stock is owned by institutional investors and hedge funds.

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.