StockNews.com initiated coverage on shares of Reed’s (NYSE:REED – Free Report) in a research report released on Wednesday. The brokerage issued a sell rating on the stock.
Reed’s Stock Performance
NYSE REED opened at $1.55 on Wednesday. Reed’s has a fifty-two week low of $1.09 and a fifty-two week high of $3.75. The stock has a market cap of $6.46 million, a PE ratio of -0.41 and a beta of 1.13. The firm’s fifty day moving average price is $1.54 and its two-hundred day moving average price is $1.63.
Reed’s (NYSE:REED – Get Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.01). The company had revenue of $9.60 million during the quarter, compared to analyst estimates of $11.19 million. As a group, sell-side analysts predict that Reed’s will post -0.56 earnings per share for the current fiscal 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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