Analysts at StockNews.com assumed coverage on shares of Reed’s (NYSE:REED – Get Free Report) in a report issued on Thursday. The brokerage set a “sell” rating on the stock.
Reed’s Trading Up 3.0 %
NYSE REED opened at $1.37 on Thursday. The firm has a market capitalization of $5.71 million, a P/E ratio of -0.36 and a beta of 1.07. The business has a fifty day simple moving average of $1.35 and a 200 day simple moving average of $1.49. Reed’s has a 12 month low of $1.00 and a 12 month high of $3.54.
Reed’s (NYSE:REED – Get Free Report) last released 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 company had revenue of $11.87 million during the quarter, compared to analyst estimates of $11.47 million. As a group, sell-side analysts predict 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.
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