StockNews.com initiated coverage on shares of Reed’s (NYSE:REED – Free Report) in a research note issued to investors on Sunday morning. The firm issued a sell rating on the stock.
Reed’s Price Performance
Reed’s stock opened at $1.67 on Friday. The stock has a market cap of $6.96 million, a PE ratio of -0.44 and a beta of 1.17. The stock’s fifty day moving average is $1.52 and its two-hundred day moving average is $1.67. Reed’s has a 1-year low of $1.09 and a 1-year high of $3.75.
Reed’s (NYSE:REED – Get Free Report) last issued its earnings results on Tuesday, May 14th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.01). The firm had revenue of $9.60 million during the quarter, compared to analyst estimates of $11.19 million. On average, research analysts expect that Reed’s will post -0.56 earnings per share for the current fiscal 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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