Reeds, Inc. (NYSEAMERICAN:REED – Get Free Report)’s share price shot up 7.3% on Friday. The stock traded as high as $0.7949 and last traded at $0.7428. Approximately 110,172 shares changed hands during trading, a decline of 97% from the average session volume of 3,367,385 shares. The stock had previously closed at $0.6921.
Reeds Trading Up 7.3%
The company has a current ratio of 0.85, a quick ratio of 0.41 and a debt-to-equity ratio of 0.31. The company has a fifty day simple moving average of $0.73.
Reeds (NYSEAMERICAN:REED – Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($0.36) earnings per share for the quarter. Reeds had a negative net margin of 63.48% and a negative return on equity of 580.89%. The firm had revenue of $7.49 million for the quarter.
Reeds Company Profile
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.
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