Equities researchers at StockNews.com initiated coverage on shares of Reed’s (NYSE:REED – Get Free Report) in a research note issued on Sunday. The firm set a “sell” rating on the stock.
Reed’s Stock Down 1.8 %
Reed’s stock opened at $1.23 on Friday. The company’s 50-day moving average price is $1.32 and its 200-day moving average price is $1.45. The company has a market cap of $5.12 million, a PE ratio of -0.32 and a beta of 1.08. Reed’s has a twelve month low of $1.00 and a twelve month high of $3.30.
Reed’s (NYSE:REED – Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.29). The business had revenue of $11.87 million during the quarter, compared to the consensus estimate of $11.47 million. As a group, sell-side analysts expect that Reed’s will post -1.25 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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