Equities researchers at StockNews.com assumed coverage on shares of Reed’s (NYSE:REED – Get Free Report) in a research note issued to investors on Tuesday. The firm set a “sell” rating on the stock.
Reed’s Price Performance
Shares of NYSE REED opened at $1.32 on Tuesday. The company has a market cap of $5.50 million, a P/E 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. The firm has a 50-day simple moving average of $1.38 and a two-hundred day simple moving average of $1.51.
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 the consensus estimate 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. As a group, equities research analysts expect 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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