StockNews.com started coverage on shares of Reed’s (NYSE:REED – Free Report) in a report published on Wednesday. The firm issued a sell rating on the stock.
Reed’s Trading Down 3.6 %
Shares of REED opened at $1.08 on Wednesday. The stock’s fifty day simple moving average is $1.27 and its 200 day simple moving average is $1.39. Reed’s has a twelve month low of $0.59 and a twelve month high of $3.00. The firm has a market capitalization of $4.52 million, a P/E ratio of -0.27 and a beta of 1.10.
Reed’s (NYSE:REED – Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.29). The firm had revenue of $11.87 million during the quarter, compared to analyst estimates of $11.47 million. Sell-side 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.
Recommended Stories
- Five stocks we like better than Reed’s
- What is the Australian Securities Exchange (ASX)
- Freeport-McMoRan, Copper Demand Short-Term Pain, Long-Term Gain
- How Investors Can Find the Best Cheap Dividend Stocks
- Time to Load Up on Home Builders?
- Manufacturing Stocks Investing
- Flutter Entertainment Can Be a Blue-Chip Sports Betting Stock
Receive News & Ratings for Reed's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reed's and related companies with MarketBeat.com's FREE daily email newsletter.
