StockNews.com began coverage on shares of Reed’s (NYSE:REED – Free Report) in a report issued on Wednesday morning. The firm issued a sell rating on the stock.
Reed’s Stock Up 6.8 %
Shares of Reed’s stock opened at $1.34 on Wednesday. Reed’s has a 52 week low of $1.00 and a 52 week high of $3.54. The company has a market capitalization of $5.57 million, a PE ratio of -0.35 and a beta of 1.07. The stock’s fifty day moving average is $1.36 and its two-hundred day moving average is $1.50.
Reed’s (NYSE:REED – Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.29). The firm had revenue of $11.87 million for the quarter, compared to analysts’ expectations of $11.47 million. As a group, research analysts anticipate that Reed’s will post -1.25 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 Classic Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas.
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