StockNews.com assumed coverage on shares of Reed’s (NYSE:REED – Free 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:REED – Get 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
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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