Reed’s (NYSE:REED) Now Covered by Analysts at StockNews.com

StockNews.com 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

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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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