Reborn Coffee (NASDAQ:REBN) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Reborn Coffee, Inc. (NASDAQ:REBN)’s stock price crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $1.72 and traded as high as $1.84. Reborn Coffee shares last traded at $1.73, with a volume of 93,195 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Reborn Coffee from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 25th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Reborn Coffee Trading Down 1.3%

The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.64 and a current ratio of 0.65. The company has a market capitalization of $13.53 million, a price-to-earnings ratio of -3.57 and a beta of 1.88. The business’s 50-day simple moving average is $1.38 and its 200-day simple moving average is $1.72.

About Reborn Coffee

Reborn Coffee, Inc (NASDAQ: REBN) is a specialty coffee company that operates cafés and sells coffee products under the Reborn Coffee brand. The company focuses on specialty-grade coffee and offers brewed coffee, espresso-based beverages, teas, cold beverages, pastries and other food items.

In addition to its cafés, Reborn Coffee sells roasted coffee and related products through online channels and other retail and wholesale distribution opportunities. The company has also pursued licensing and franchising arrangements as part of its strategy to expand the brand beyond company-operated locations.

Reborn Coffee was founded in 2015 and is based in Brea, California.