Reed’s (NYSE:REED) Now Covered by StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Reed’s (NYSE:REEDGet Free Report) in a report released on Thursday. The firm set a “sell” rating on the stock.

Reed’s Stock Down 15.9 %

Shares of Reed’s stock opened at $1.35 on Thursday. The stock’s 50-day simple moving average is $1.53 and its 200-day simple moving average is $1.71. Reed’s has a 52 week low of $1.09 and a 52 week high of $3.75. The company has a market capitalization of $5.63 million, a price-to-earnings ratio of -0.36 and a beta of 1.17.

Reed’s (NYSE:REEDGet Free Report) last posted its earnings results on Tuesday, May 14th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.01). The company had revenue of $9.60 million during the quarter, compared to the consensus estimate of $11.19 million. On average, equities analysts expect that Reed’s will post -0.56 earnings per share for the current year.

Reed’s Company Profile

(Get Free Report)

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.

Further Reading

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