StockNews.com initiated coverage on shares of Reed’s (NYSE:REED – Free Report) in a research note released on Saturday morning. The firm issued a sell rating on the stock.
Reed’s Price Performance
Shares of NYSE:REED opened at $1.30 on Friday. The firm has a market capitalization of $5.42 million, a PE ratio of -0.34 and a beta of 1.13. The firm’s 50-day moving average is $1.51 and its two-hundred day moving average is $1.58. Reed’s has a 1 year low of $1.00 and a 1 year high of $3.75.
Reed’s (NYSE:REED – Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.29). The business had revenue of $11.87 million for the quarter, compared to the consensus estimate of $11.47 million. Analysts expect that Reed’s will post -0.56 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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