Reeds (NYSEAMERICAN:REED) Posts Earnings Results

Reeds (NYSEAMERICAN:REED) released its quarterly earnings results on Tuesday. The company reported ($0.36) EPS for the quarter, FiscalAI reports. Reeds had a negative net margin of 65.03% and a negative return on equity of 467.92%. The business had revenue of $7.49 million for the quarter.

Reeds Stock Up 12.6%

Shares of NYSEAMERICAN REED traded up $0.11 during trading on Tuesday, hitting $0.94. The company had a trading volume of 9,470 shares, compared to its average volume of 29,902. The company has a 50 day simple moving average of $1.21. The company has a quick ratio of 0.58, a current ratio of 1.11 and a debt-to-equity ratio of 0.31. Reeds has a 12 month low of $0.73 and a 12 month high of $12.00.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners lowered shares of Reeds from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Reeds Company Profile

Reeds, Inc is a U.S.-based beverage company known for producing premium ginger drinks and other naturally inspired refreshment products. Its portfolio has historically included ginger beer, ginger ale, ginger candies, and related beverages made with ginger root and other simple ingredients.

The company markets its products primarily through retail, grocery, and specialty channels in the United States, and it has also served select international markets over time. Reeds has built its brand around bold ginger flavor and a focus on natural ingredients, appealing to consumers seeking alternative soft drinks and mixers.

Founded in the 1980s, Reeds has long positioned itself as a niche beverage maker with an emphasis on functional and distinctive flavor profiles.