Reed’s (NYSE:REED) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Reed’s (NYSE:REEDFree Report) in a research report sent to investors on Sunday. The firm issued a sell rating on the stock.

Reed’s Price Performance

Shares of REED stock opened at $1.20 on Friday. Reed’s has a one year low of $1.00 and a one year high of $3.30. The firm has a 50-day moving average of $1.31 and a 200-day moving average of $1.44. The company has a market cap of $5.00 million, a P/E ratio of -0.32 and a beta of 1.08.

Reed’s (NYSE:REEDGet Free Report) last announced 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 analyst estimates of $11.47 million. As a group, research analysts expect that Reed’s will post -1.25 earnings per share for the current fiscal year.

Reed’s Company Profile

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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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