StockNews.com started coverage on shares of Reed’s (NYSE:REED – Free Report) in a research report sent to investors on Friday morning. The firm issued a sell rating on the stock.
Reed’s Stock Down 9.6 %
Shares of Reed’s stock opened at $1.66 on Friday. Reed’s has a twelve month low of $1.35 and a twelve month high of $3.75. The company’s 50 day moving average is $1.70 and its 200 day moving average is $2.03. The company has a market cap of $6.90 million, a price-to-earnings ratio of -0.32 and a beta of 1.14.
Reed’s (NYSE:REED – Get Free Report) last posted its 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 the consensus estimate of $14.08 million. Sell-side analysts expect that Reed’s will post -1.06 EPS 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 Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas.
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