Equities researchers at StockNews.com assumed coverage on shares of Reed’s (NYSE:REED – Get Free Report) in a research report issued to clients and investors on Saturday. The brokerage set a “sell” rating on the stock.
Reed’s Trading Down 2.6 %
REED stock opened at $1.26 on Friday. Reed’s has a one year low of $1.00 and a one year high of $3.30. The firm has a 50-day moving average of $1.33 and a two-hundred day moving average of $1.46. The firm has a market capitalization of $5.24 million, a PE ratio of -0.33 and a beta of 1.08.
Reed’s (NYSE:REED – Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $11.47 million. On average, equities research analysts anticipate that Reed’s will post -1.25 earnings per share for the current 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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