Analysts at StockNews.com started coverage on shares of Reed’s (NYSE:REED – Get Free Report) in a research report issued on Thursday. The firm set a “sell” rating on the stock.
Reed’s Price Performance
NYSE:REED opened at $1.39 on Thursday. The company has a market capitalization of $5.79 million, a PE ratio of -0.37 and a beta of 1.07. Reed’s has a 52-week low of $1.00 and a 52-week high of $3.54. The stock has a fifty day simple moving average of $1.36 and a 200-day simple moving average of $1.49.
Reed’s (NYSE:REED – Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.29). The business had revenue of $11.87 million for the quarter, compared to the consensus estimate of $11.47 million. As a group, equities analysts anticipate that Reed’s will post -1.25 earnings per share for the current 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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