Reed’s (OTCMKTS:REED – Get Free Report) released its quarterly earnings data on Tuesday. The company reported ($0.23) earnings per share for the quarter, Zacks reports. The business had revenue of $9.73 million for the quarter, compared to analysts’ expectations of $8.68 million.
Reed’s Stock Down 4.1 %
REED opened at $1.42 on Thursday. The company’s 50-day moving average price is $1.28 and its two-hundred day moving average price is $1.10. Reed’s has a twelve month low of $0.51 and a twelve month high of $2.42. The stock has a market cap of $11.63 million, a price-to-earnings ratio of -0.35 and a beta of 0.96.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on shares of Reed’s in a report on Tuesday, February 25th. They issued a “sell” rating on the stock.
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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