StockNews.com started coverage on shares of Reed’s (NYSE:REED – Free Report) in a research report report published on Tuesday morning. The firm issued a sell rating on the stock.
Reed’s Price Performance
Shares of NYSE REED opened at $1.24 on Tuesday. The stock has a market capitalization of $5.20 million, a PE ratio of -0.35 and a beta of 1.10. Reed’s has a one year low of $0.59 and a one year high of $3.15. The business’s fifty day moving average price is $1.28 and its 200-day moving average price is $1.40.
Reed’s (NYSE:REED – Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.29). The company had revenue of $11.87 million for the quarter, compared to the consensus estimate of $11.47 million. As a group, equities analysts expect that Reed’s will post -1.25 EPS for the current fiscal 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.
Featured Stories
- Five stocks we like better than Reed’s
- Stock Splits, Do They Really Impact Investors?
- The Top 5 Performing S&P 500 Stocks YTD in 2024
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- L3Harris: Positioned for Gains With Trump’s Defense Policies
- Investing in Construction Stocks
- Is First Solar’s Earnings Drop a Golden Buying Opportunity?
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.
