StockNews.com began coverage on shares of Reed’s (NYSE:REED – Free Report) in a research note published on Thursday. The firm issued a sell rating on the stock.
Reed’s Price Performance
REED opened at $1.39 on Thursday. The business has a fifty day moving average of $1.36 and a 200 day moving average of $1.49. Reed’s has a 52-week low of $1.00 and a 52-week high of $3.54. The stock has a market cap of $5.79 million, a P/E ratio of -0.37 and a beta of 1.07.
Reed’s (NYSE:REED – Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.29). The company had revenue of $11.87 million during the quarter, compared to the consensus estimate of $11.47 million. Equities analysts anticipate that Reed’s will post -1.25 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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