StockNews.com started coverage on shares of Reed’s (NYSE:REED – Free Report) in a research note released on Monday. The brokerage issued a sell rating on the stock.
Reed’s Stock Performance
NYSE:REED opened at $1.31 on Monday. Reed’s has a 52 week low of $0.59 and a 52 week high of $3.15. The firm has a 50-day moving average price of $1.29 and a two-hundred day moving average price of $1.43. The firm has a market cap of $5.50 million, a price-to-earnings ratio of -0.37 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 business had revenue of $11.87 million during the quarter, compared to analysts’ expectations of $11.47 million. As a group, sell-side analysts forecast 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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