StockNews.com started coverage on shares of Reed’s (NYSE:REED – Free Report) in a report published on Saturday. The brokerage issued a sell rating on the stock.
Reed’s Price Performance
Shares of NYSE REED opened at $1.26 on Friday. The company has a market cap of $5.24 million, a P/E ratio of -0.33 and a beta of 1.08. Reed’s has a 1 year low of $1.00 and a 1 year high of $3.30. The firm has a 50-day simple moving average of $1.33 and a two-hundred day simple moving average of $1.46.
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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