Reed’s (NYSE:REED) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Reed’s (NYSE:REED) in a research report sent to investors on Thursday. The brokerage issued a sell rating on the stock.

Reed’s Stock Performance

REED stock opened at $1.35 on Thursday. Reed’s has a 1 year low of $1.00 and a 1 year high of $3.75. The stock’s 50 day moving average price is $1.53 and its 200 day moving average price is $1.61. The firm has a market cap of $5.63 million, a P/E ratio of -0.36 and a beta of 1.13.

Reed’s (NYSE:REED) 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 during the quarter, compared to analysts’ expectations of $11.19 million. On average, research analysts predict that Reed’s will post -0.56 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.