Equities research analysts at StockNews.com assumed coverage on shares of Reed’s (NYSE:REED – Get Free Report) in a research note issued on Thursday. The brokerage set a “sell” rating on the stock.
Reed’s Price Performance
Shares of NYSE REED opened at $1.39 on Thursday. The stock has a market capitalization of $5.79 million, a PE ratio of -0.37 and a beta of 1.07. The firm has a fifty day moving average of $1.36 and a 200-day moving average of $1.49. Reed’s has a 52-week low of $1.00 and a 52-week high of $3.54.
Reed’s (NYSE:REED – Get Free Report) last posted its quarterly 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 business had revenue of $11.87 million during the quarter, compared to analysts’ expectations of $11.47 million. Equities research analysts expect that Reed’s will post -1.25 EPS 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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