Equities research analysts at StockNews.com assumed coverage on shares of Reed’s (NYSE:REED – Get Free Report) in a research note issued on Sunday. The firm set a “sell” rating on the stock.
Reed’s Price Performance
REED opened at $1.51 on Friday. The business has a 50 day simple moving average of $1.51 and a two-hundred day simple moving average of $1.67. The firm has a market capitalization of $6.30 million, a price-to-earnings ratio of -0.40 and a beta of 1.13. Reed’s has a one year low of $1.09 and a one year high of $3.75.
Reed’s (NYSE:REED – Get Free Report) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.01). The business had revenue of $9.60 million during the quarter, compared to analyst estimates of $11.19 million. As a group, sell-side analysts expect that Reed’s will post -0.56 EPS for the current fiscal year.
Reed’s Company Profile
Reed's, Inc engages in the manufacture and distribution of natural beverages in the United States. The company offers Reed's craft ginger beer; Reed's real ginger ales; Reed's Classic Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas.
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