StockNews.com initiated coverage on shares of Reed’s (NYSE:REED – Get Free Report) in a research note issued to investors on Saturday. The brokerage set a “sell” rating on the stock.
Reed’s Trading Down 11.6 %
REED opened at $1.45 on Friday. Reed’s has a 1-year low of $1.21 and a 1-year high of $3.75. The company has a market cap of $6.05 million, a P/E ratio of -0.28 and a beta of 1.14. The company has a fifty day moving average price of $1.68 and a two-hundred day moving average price of $2.01.
Reed’s (NYSE:REED – Get Free Report) last posted its earnings results on Thursday, March 28th. The company reported ($1.25) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.94). The firm had revenue of $11.69 million for the quarter, compared to the consensus estimate of $14.08 million. On average, research analysts forecast that Reed’s will post -1.06 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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