StockNews.com initiated coverage on shares of Reed’s (NYSE:REED – Free Report) in a research report report published on Tuesday morning. The firm issued a sell rating on the stock.
Reed’s Trading Down 6.1 %
NYSE:REED opened at $1.24 on Tuesday. The firm has a market capitalization of $5.17 million, a price-to-earnings ratio of -0.33 and a beta of 1.07. The firm’s fifty day simple moving average is $1.37 and its 200 day simple moving average is $1.51. Reed’s has a twelve month low of $1.00 and a twelve month high of $3.54.
Reed’s (NYSE:REED – Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.29). The business had revenue of $11.87 million for the quarter, compared to analysts’ expectations of $11.47 million. On average, analysts predict 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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