StockNews.com assumed coverage on shares of Reed’s (NYSE:REED – Free Report) in a research note published on Sunday morning. The brokerage issued a sell rating on the stock.
Reed’s Price Performance
NYSE REED opened at $1.25 on Friday. The stock has a market capitalization of $5.21 million, a price-to-earnings ratio of -0.25 and a beta of 1.11. The business’s fifty day moving average is $1.62 and its 200-day moving average is $1.93. Reed’s has a one year low of $1.21 and a one year high of $3.75.
Reed’s (NYSE:REED – Get Free Report) last released its earnings results on Thursday, March 28th. The company reported ($1.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.94). The firm had revenue of $11.69 million for the quarter, compared to analysts’ expectations of $14.08 million. Research analysts expect that Reed’s will post -1.06 EPS 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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