StockNews.com began coverage on shares of Reed’s (NYSE:REED – Free Report) in a research note released on Saturday morning. The firm issued a sell rating on the stock.
Reed’s Stock Performance
Shares of REED opened at $1.30 on Friday. The company’s fifty day simple moving average is $1.67 and its 200 day simple moving average is $1.98. Reed’s has a 1-year low of $1.21 and a 1-year high of $3.75. The company has a market cap of $5.42 million, a price-to-earnings ratio of -0.25 and a beta of 1.14.
Reed’s (NYSE:REED – Get Free Report) last announced its quarterly earnings results on Thursday, March 28th. The company reported ($1.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.94). The business had revenue of $11.69 million during the quarter, compared to analysts’ expectations of $14.08 million. As a group, research analysts forecast that Reed’s will post -1.06 earnings per share 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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