StockNews.com began coverage on shares of Reed’s (NYSE:REED – Free Report) in a research note published on Wednesday morning. The firm issued a sell rating on the stock.
Reed’s Price Performance
NYSE:REED opened at $1.55 on Wednesday. The firm has a market capitalization of $6.46 million, a PE ratio of -0.41 and a beta of 1.13. The business’s fifty day moving average price is $1.54 and its 200 day moving average price is $1.63. Reed’s has a 12 month low of $1.09 and a 12 month high of $3.75.
Reed’s (NYSE:REED – Get Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.01). The business had revenue of $9.60 million during the quarter, compared to the consensus estimate of $11.19 million. As a group, equities analysts anticipate that Reed’s will post -0.56 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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