StockNews.com began coverage on shares of Reed’s (NYSE:REED – Free Report) in a research report sent to investors on Sunday morning. The firm issued a sell rating on the stock.
Reed’s Stock Down 0.8 %
NYSE REED opened at $1.24 on Friday. The stock’s 50 day moving average is $1.60 and its 200 day moving average is $1.91. The firm has a market capitalization of $5.17 million, a PE ratio of -0.24 and a beta of 1.11. Reed’s has a twelve month low of $1.15 and a twelve month high of $3.75.
Reed’s (NYSE:REED – Get Free Report) last issued its quarterly earnings results on Thursday, March 28th. The company reported ($1.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.94). The company had revenue of $11.69 million for the quarter, compared to the consensus estimate of $14.08 million. On average, research analysts anticipate that Reed’s will post -1.06 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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