StockNews.com assumed coverage on shares of Reed’s (NYSE:REED – Free Report) in a research note released on Friday. The firm issued a sell rating on the stock.
Reed’s Trading Down 3.2 %
Reed’s stock opened at $1.83 on Friday. The stock has a 50-day moving average of $1.71 and a two-hundred day moving average of $2.06. Reed’s has a one year low of $1.35 and a one year high of $3.75.
Reed’s (NYSE:REED – Get Free Report) last released its quarterly earnings results on Thursday, March 28th. The company reported ($1.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.94). The business had revenue of $11.69 million during the quarter, compared to the consensus estimate of $14.08 million. As a group, sell-side analysts forecast that Reed’s will post -1.06 earnings per share 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 Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas.
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