Equities research analysts at StockNews.com began coverage on shares of Reed’s (NYSE:REED – Get Free Report) in a research report issued on Sunday. The firm set a “sell” rating on the stock.
Reed’s Price Performance
REED opened at $1.33 on Friday. The stock’s 50 day simple moving average is $1.63 and its 200 day simple moving average is $1.95. The firm has a market cap of $5.53 million, a price-to-earnings ratio of -0.26 and a beta of 1.11. Reed’s has a 1 year low of $1.21 and a 1 year high of $3.75.
Reed’s (NYSE:REED – Get Free Report) last announced its quarterly earnings results on Thursday, March 28th. The company reported ($1.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.94). The business had revenue of $11.69 million for the quarter, compared to analyst estimates of $14.08 million. As a group, sell-side analysts anticipate that Reed’s will post -1.06 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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