StockNews.com initiated coverage on shares of Reed’s (NYSE:REED – Free Report) in a research report sent to investors on Friday. The firm issued a sell rating on the stock.
Reed’s Stock Performance
Shares of NYSE:REED opened at $1.21 on Friday. The company has a market capitalization of $5.02 million, a PE ratio of -0.32 and a beta of 1.08. The company’s fifty day moving average is $1.34 and its 200-day moving average is $1.47. Reed’s has a 52 week low of $1.00 and a 52 week high of $3.30.
Reed’s (NYSE:REED – Get Free Report) last announced its earnings results 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 firm had revenue of $11.87 million for the quarter, compared to the consensus estimate of $11.47 million. On average, analysts forecast that Reed’s will post -1.25 EPS for the current year.
About Reed’s
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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