StockNews.com began coverage on shares of Reed’s (NYSE:REED – Free Report) in a research report released on Monday morning. The firm issued a sell rating on the stock.
Reed’s Stock Down 1.9 %
Shares of Reed’s stock opened at $1.36 on Monday. The stock’s fifty day moving average is $1.52 and its 200-day moving average is $1.66. The firm has a market capitalization of $5.68 million, a PE ratio of -0.36 and a beta of 1.13. Reed’s has a 12-month low of $1.09 and a 12-month high of $3.75.
Reed’s (NYSE:REED – Get Free Report) last announced its earnings results on Tuesday, May 14th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.01). The firm had revenue of $9.60 million during the quarter, compared to the consensus estimate of $11.19 million. Analysts expect that Reed’s will post -0.56 EPS for the current year.
About Reed’s
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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