Reed’s (OTCMKTS:REED – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported ($0.23) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $9.73 million for the quarter, compared to analysts’ expectations of $8.68 million.
Reed’s Stock Performance
OTCMKTS:REED opened at $1.42 on Thursday. The firm has a market capitalization of $11.63 million, a price-to-earnings ratio of -0.35 and a beta of 0.96. The stock has a fifty day moving average of $1.28 and a 200 day moving average of $1.10. Reed’s has a 52-week low of $0.51 and a 52-week high of $2.42.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on shares of Reed’s in a report on Tuesday, February 25th. They set a “sell” rating on the stock.
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.
Read More
- Five stocks we like better than Reed’s
- How to Plot Fibonacci Price Inflection Levels
- Intuitive Machines Gains After Earnings Beat, NASA Missions Ahead
- What Are Earnings Reports?
- Nike Stock Dips on Earnings: Analysts Weigh in on What’s Next
- The Risks of Owning Bonds
- Carnival Corporation Will Cruise to Higher Price Points This Year
Receive News & Ratings for Reed's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reed's and related companies with MarketBeat.com's FREE daily email newsletter.
