StockNews.com initiated coverage on shares of Reed’s (NYSE:REED – Free Report) in a research note published on Tuesday morning. The firm issued a sell rating on the stock.
Reed’s Price Performance
Shares of NYSE REED opened at $1.24 on Tuesday. Reed’s has a 1 year low of $0.59 and a 1 year high of $3.15. The stock has a market capitalization of $5.20 million, a P/E ratio of -0.35 and a beta of 1.10. The company’s 50-day moving average is $1.28 and its 200 day moving average is $1.40.
Reed’s (NYSE:REED – Get Free Report) last posted 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 business had revenue of $11.87 million during the quarter, compared to analysts’ expectations of $11.47 million. Research analysts anticipate that Reed’s will post -1.25 earnings per share 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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