Equities research analysts at StockNews.com began coverage on shares of Reed’s (NYSE:REED – Get Free Report) in a research report issued to clients and investors on Wednesday. The brokerage set a “sell” rating on the stock.
Reed’s Stock Up 3.7 %
Shares of REED stock opened at $1.40 on Wednesday. Reed’s has a 12 month low of $1.09 and a 12 month high of $3.75. The company has a market cap of $5.84 million, a PE ratio of -0.37 and a beta of 1.13. The business’s 50 day moving average is $1.54 and its two-hundred day moving average is $1.64.
Reed’s (NYSE:REED – Get Free Report) last posted its earnings results on Tuesday, May 14th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.01). The company had revenue of $9.60 million for the quarter, compared to analyst estimates of $11.19 million. As a group, equities analysts expect that Reed’s will post -0.56 EPS for the current fiscal year.
About Reed’s
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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