StockNews.com started coverage on shares of Reed’s (NYSE:REED – Free Report) in a report issued on Friday. The brokerage issued a sell rating on the stock.
Reed’s Stock Performance
Reed’s stock opened at $1.47 on Friday. The company’s fifty day moving average price is $1.51 and its 200 day moving average price is $1.60. Reed’s has a 1 year low of $1.00 and a 1 year high of $3.75. The stock has a market capitalization of $6.13 million, a P/E ratio of -0.39 and a beta of 1.13.
Reed’s (NYSE:REED – Get Free Report) last announced its quarterly earnings data on Tuesday, May 14th. The company reported ($0.40) earnings per share 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 the consensus estimate of $11.19 million. Sell-side analysts predict that Reed’s will post -0.56 EPS for the current 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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