StockNews.com started coverage on shares of Reed’s (NYSE:REED – Get Free Report) in a research report issued on Tuesday. The brokerage set a “sell” rating on the stock.
Reed’s Price Performance
NYSE REED opened at $1.32 on Tuesday. The company has a fifty day moving average of $1.38 and a 200 day moving average of $1.51. The company has a market capitalization of $5.50 million, a PE ratio of -0.35 and a beta of 1.07. Reed’s has a 1 year low of $1.00 and a 1 year high of $3.54.
Reed’s (NYSE:REED – Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.29). The business had revenue of $11.87 million for the quarter, compared to analyst estimates of $11.47 million. Research analysts expect that Reed’s will post -1.25 earnings per share 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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