StockNews.com initiated coverage on shares of Reed’s (NYSE:REED – Free Report) in a research note published on Sunday morning. The brokerage issued a sell rating on the stock.
Reed’s Stock Up 11.9 %
NYSE:REED opened at $1.69 on Friday. Reed’s has a 12 month low of $1.09 and a 12 month high of $3.75. The firm has a market cap of $7.05 million, a price-to-earnings ratio of -0.44 and a beta of 1.13. The company’s 50 day moving average is $1.51 and its 200-day moving average is $1.67.
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 firm had revenue of $9.60 million for the quarter, compared to the consensus estimate of $11.19 million. Research analysts predict 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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