StockNews.com started coverage on shares of Reed’s (NYSE:REED – Free Report) in a report released on Wednesday. The brokerage issued a sell rating on the stock.
Reed’s Stock Performance
NYSE REED opened at $1.34 on Wednesday. The company’s 50-day simple moving average is $1.36 and its two-hundred day simple moving average is $1.50. Reed’s has a one year low of $1.00 and a one year high of $3.54. The company has a market capitalization of $5.57 million, a price-to-earnings ratio of -0.35 and a beta of 1.07.
Reed’s (NYSE:REED – Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.29). The company had revenue of $11.87 million for the quarter, compared to the consensus estimate of $11.47 million. Equities analysts expect that Reed’s will post -1.25 earnings per share for the current fiscal 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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