StockNews.com initiated coverage on shares of Reed’s (NYSE:REED – Get Free Report) in a report released on Wednesday. The firm set a “sell” rating on the stock.
Reed’s Stock Up 1.5 %
Shares of REED stock opened at $1.26 on Wednesday. Reed’s has a 12-month low of $0.59 and a 12-month high of $3.00. The company has a market capitalization of $5.27 million, a PE ratio of -0.35 and a beta of 1.10. The firm has a 50 day moving average price of $1.28 and a two-hundred day moving average price of $1.39.
Reed’s (NYSE:REED – Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.29). The company had revenue of $11.87 million during the quarter, compared to analyst estimates of $11.47 million. As a group, research analysts expect that Reed’s will post -1.25 EPS 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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