Reed’s (NYSE:REED) Now Covered by Analysts at started coverage on shares of Reed’s (NYSE:REEDFree Report) in a research report report published on Monday. The brokerage issued a sell rating on the stock.

Reed’s Trading Down 6.1 %

Reed’s stock opened at $1.39 on Monday. Reed’s has a 1-year low of $1.09 and a 1-year high of $3.75. The firm has a market capitalization of $5.80 million, a price-to-earnings ratio of -0.37 and a beta of 1.13. The firm’s fifty day moving average price is $1.52 and its two-hundred day moving average price is $1.66.

Reed’s (NYSE:REEDGet Free Report) last released 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 business had revenue of $9.60 million for the quarter, compared to analysts’ expectations of $11.19 million. On average, research analysts forecast that Reed’s will post -0.56 EPS for the current year.

About Reed’s

(Get Free Report)

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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