Research analysts at StockNews.com started coverage on shares of Reed’s (NYSE:REED – Get Free Report) in a report issued on Monday. The firm set a “sell” rating on the stock.
Reed’s Stock Performance
REED opened at $1.20 on Monday. The company has a market cap of $5.01 million, a PE ratio of -0.33 and a beta of 1.08. The stock has a 50-day moving average of $1.29 and a 200-day moving average of $1.43. Reed’s has a 52-week low of $0.59 and a 52-week high of $3.15.
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 analysts’ consensus estimates of ($0.15) by ($0.29). The firm had revenue of $11.87 million for the quarter, compared to analyst estimates of $11.47 million. On average, research analysts predict that Reed’s will post -1.25 earnings per share for the current 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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