Stock analysts at StockNews.com assumed coverage on shares of Reed’s (NYSE:REED – Get Free Report) in a research report issued on Sunday. The brokerage set a “sell” rating on the stock.
Reed’s Price Performance
Shares of NYSE:REED opened at $1.23 on Friday. The company has a market capitalization of $5.12 million, a P/E ratio of -0.32 and a beta of 1.08. Reed’s has a 1-year low of $1.00 and a 1-year high of $3.30. The firm’s 50 day simple moving average is $1.32 and its two-hundred day simple 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) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.29). The company had revenue of $11.87 million for the quarter, compared to the consensus estimate of $11.47 million. On average, sell-side analysts anticipate that Reed’s will post -1.25 earnings per share 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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