StockNews.com started coverage on shares of Reed’s (NYSE:REED – Free Report) in a report published on Monday morning. The brokerage issued a sell rating on the stock.
Reed’s Stock Down 1.9 %
Shares of REED stock opened at $1.31 on Monday. The business has a 50 day moving average of $1.41 and a two-hundred day moving average of $1.53. The company has a market cap of $5.44 million, a P/E ratio of -0.34 and a beta of 1.07. Reed’s has a 52 week low of $1.00 and a 52 week high of $3.59.
Reed’s (NYSE:REED – Get Free Report) last posted its 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 during the quarter, compared to the consensus estimate of $11.47 million. Analysts expect that Reed’s will post -1.25 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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