Stock analysts at StockNews.com initiated coverage on shares of Reed’s (NYSE:REED – Get Free Report) in a research report issued to clients and investors on Wednesday. The firm set a “sell” rating on the stock.
Reed’s Price Performance
NYSE REED opened at $1.12 on Wednesday. Reed’s has a 1 year low of $0.59 and a 1 year high of $3.00. The stock has a market capitalization of $4.69 million, a PE ratio of -0.31 and a beta of 1.10. The company’s 50 day simple moving average is $1.28 and its two-hundred day simple moving average is $1.39.
Reed’s (NYSE:REED – Get Free Report) last posted its earnings results on Tuesday, August 13th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.29). The business had revenue of $11.87 million for the quarter, compared to analyst estimates of $11.47 million. On average, research analysts anticipate that Reed’s will post -1.25 EPS for the current year.
About Reed’s
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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