Stock analysts at StockNews.com initiated coverage on shares of Reed’s (NYSE:REED – Get Free Report) in a research note issued to investors on Wednesday. The firm set a “sell” rating on the stock.
Reed’s Trading Up 12.1 %
NYSE:REED opened at $1.39 on Wednesday. The company’s 50 day moving average is $1.37 and its two-hundred day moving average is $1.50. The company has a market cap of $5.80 million, a PE ratio of -0.37 and a beta of 1.07. Reed’s has a twelve month low of $1.00 and a twelve month high of $3.54.
Reed’s (NYSE:REED – Get Free Report) last released its earnings results 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. As a group, analysts expect that Reed’s will post -1.25 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.
Featured Stories
- Five stocks we like better than Reed’s
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion?
- Pros And Cons Of Monthly Dividend Stocks
- Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge
- 3 Ways To Invest In Coffee, Other Than Drinking It
- Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker
Receive News & Ratings for Reed's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reed's and related companies with MarketBeat.com's FREE daily email newsletter.
