Reeds (NYSEAMERICAN:REED) Announces Quarterly Earnings Results

Reeds (NYSEAMERICAN:REED) posted its quarterly earnings results on Tuesday. The company reported ($0.27) earnings per share (EPS) for the quarter, FiscalAI reports. Reeds had a negative return on equity of 580.89% and a negative net margin of 63.48%. The company had revenue of $6.51 million during the quarter.

Reeds Stock Up 0.8%

Reeds stock opened at $1.26 on Wednesday. The firm has a 50 day moving average price of $0.73. The company has a quick ratio of 0.41, a current ratio of 0.85 and a debt-to-equity ratio of 0.31. Reeds has a 12 month low of $0.33 and a 12 month high of $7.41.

About Reeds

Reed’s, Inc. is a beverage company that develops, produces, markets and distributes natural and craft-oriented non-alcoholic drinks. Its portfolio has historically centered on Reed’s, a brand known for ginger beer and other ginger-based beverages, and Virgil’s, which offers specialty root beer and other craft sodas. The company’s products are sold through retail and food-service channels, including supermarkets, natural and specialty food stores, convenience outlets, restaurants and online retailers.