Investment analysts at StockNews.com assumed coverage on shares of Reed’s (NYSE:REED – Get Free Report) in a research note issued to investors on Saturday. The firm set a “sell” rating on the stock.
Reed’s Trading Down 2.6 %
Reed’s stock opened at $1.26 on Friday. The firm has a market cap of $5.24 million, a PE ratio of -0.33 and a beta of 1.08. The stock’s 50 day simple moving average is $1.33 and its two-hundred day simple moving average is $1.46. Reed’s has a 12 month low of $1.00 and a 12 month high of $3.30.
Reed’s (NYSE:REED – Get Free Report) last posted its quarterly earnings data 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 analysts’ expectations of $11.47 million. On average, equities research analysts forecast 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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