Reeds (NYSEAMERICAN:REED) Issues Earnings Results

Reeds (NYSEAMERICAN:REED) posted its quarterly earnings data on Tuesday. The company reported ($0.36) earnings per share for the quarter, FiscalAI reports. Reeds had a negative return on equity of 387.62% and a negative net margin of 63.48%.The firm had revenue of $7.49 million during the quarter.

Reeds Stock Performance

Reeds stock traded down $0.03 during trading hours on Thursday, reaching $0.86. The stock had a trading volume of 3,328 shares, compared to its average volume of 12,863. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.58 and a current ratio of 1.11. Reeds has a 52 week low of $0.73 and a 52 week high of $12.00. The stock has a 50 day moving average of $1.17.

Analysts Set New Price Targets

Separately, Alliance Global Partners cut Reeds from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Reeds Company Profile

Reeds, Inc is a U.S.-based beverage company known for producing premium ginger drinks and other naturally inspired refreshment products. Its portfolio has historically included ginger beer, ginger ale, ginger candies, and related beverages made with ginger root and other simple ingredients.

The company markets its products primarily through retail, grocery, and specialty channels in the United States, and it has also served select international markets over time. Reeds has built its brand around bold ginger flavor and a focus on natural ingredients, appealing to consumers seeking alternative soft drinks and mixers.

Founded in the 1980s, Reeds has long positioned itself as a niche beverage maker with an emphasis on functional and distinctive flavor profiles.