Reeds, Inc. (OTCMKTS:REED – Get Free Report)’s stock price shot up 60% during mid-day trading on Monday . The company traded as high as $2.00 and last traded at $2.00. 10,733 shares changed hands during trading, an increase of 41% from the average session volume of 7,613 shares. The stock had previously closed at $1.25.
Reeds Trading Up 60.0%
The firm’s fifty day moving average price is $1.50 and its 200 day moving average price is $1.20. The firm has a market capitalization of $107.35 million, a PE ratio of -1.64 and a beta of 0.18.
Reeds (OTCMKTS:REED – Get Free Report) last announced its quarterly earnings data on Monday, November 3rd. The company reported ($0.48) earnings per share (EPS) for the quarter. The company had revenue of $7.03 million during the quarter. As a group, research analysts expect that Reeds, Inc. will post -1.22 EPS for the current year.
Reeds 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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