StockNews.com started coverage on shares of Reed’s (NYSE:REED – Free Report) in a report released on Saturday. The firm issued a sell rating on the stock.
Reed’s Price Performance
Shares of REED opened at $1.45 on Friday. The firm has a market capitalization of $6.05 million, a price-to-earnings ratio of -0.28 and a beta of 1.14. The company has a 50-day moving average of $1.68 and a 200 day moving average of $2.00. Reed’s has a 1-year low of $1.21 and a 1-year high of $3.75.
Reed’s (NYSE:REED – Get Free Report) last posted its earnings results on Thursday, March 28th. The company reported ($1.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.94). The business had revenue of $11.69 million for the quarter, compared to analyst estimates of $14.08 million. On average, equities analysts anticipate that Reed’s will post -1.06 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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