Research analysts at StockNews.com began coverage on shares of Reed’s (NYSE:REED – Get Free Report) in a report released on Tuesday. The firm set a “sell” rating on the stock.
Reed’s Price Performance
Shares of REED stock opened at $1.33 on Tuesday. The stock’s 50-day moving average is $1.29 and its 200 day moving average is $1.42. Reed’s has a 1-year low of $0.59 and a 1-year high of $3.15. The company has a market cap of $5.57 million, a P/E ratio of -0.37 and a beta of 1.10.
Reed’s (NYSE:REED – Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $11.87 million during the quarter, compared to analysts’ expectations of $11.47 million. On average, analysts anticipate that Reed’s will post -1.25 EPS for the current 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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