StockNews.com assumed coverage on shares of Reed’s (NYSE:REED – Free Report) in a research note published on Saturday morning. The firm issued a sell rating on the stock.
Reed’s Price Performance
Shares of REED stock opened at $1.38 on Friday. The firm has a 50-day moving average of $1.50 and a 200-day moving average of $1.58. Reed’s has a one year low of $1.00 and a one year high of $3.75. The company has a market cap of $5.75 million, a P/E ratio of -0.36 and a beta of 1.13.
Reed’s (NYSE:REED – Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.44) 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 analysts’ expectations of $11.47 million. As a group, research analysts expect 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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