Reborn Coffee (NASDAQ:REBN) Issues Quarterly Earnings Results

Reborn Coffee (NASDAQ:REBN) posted its quarterly earnings results on Tuesday. The company reported ($0.47) 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%

REBN traded down $0.04 during midday trading on Tuesday, hitting $2.77. The company’s stock had a trading volume of 39,223 shares, compared to its average volume of 761,469. The firm has a market cap of $12.66 million, a P/E ratio of -1.91 and a beta of 2.35. Reborn Coffee has a 52-week low of $1.03 and a 52-week high of $8.80. The company has a current ratio of 0.41, a quick ratio of 0.34 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $3.34 and a two-hundred day moving average price of $2.75.

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.