StockNews.com began coverage on shares of Reed’s (NYSE:REED – Free Report) in a report issued on Sunday morning. The brokerage issued a sell rating on the stock.
Reed’s Trading Down 1.8 %
NYSE REED opened at $1.23 on Friday. Reed’s has a 12 month low of $1.00 and a 12 month high of $3.30. The stock has a market cap of $5.12 million, a PE ratio of -0.32 and a beta of 1.08. The stock’s 50 day moving average is $1.32 and its 200 day moving average is $1.45.
Reed’s (NYSE:REED – Get Free Report) last released its earnings results on Tuesday, August 13th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate 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. On average, analysts forecast that Reed’s will post -1.25 EPS 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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