StockNews.com assumed coverage on shares of Reed’s (NYSE:REED – Free Report) in a report published on Wednesday. The firm issued a sell rating on the stock.
Reed’s Stock Performance
Shares of REED stock opened at $1.55 on Wednesday. The stock’s 50 day simple moving average is $1.54 and its 200 day simple moving average is $1.63. Reed’s has a twelve month low of $1.09 and a twelve month high of $3.75. The company has a market capitalization of $6.46 million, a price-to-earnings ratio of -0.41 and a beta of 1.13.
Reed’s (NYSE:REED – Get Free Report) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.01). The firm had revenue of $9.60 million for the quarter, compared to the consensus estimate of $11.19 million. On average, analysts forecast that Reed’s will post -0.56 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.
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