Reed’s (NYSE:REED) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Reed’s (NYSE:REEDFree Report) in a research report released on Thursday morning. The brokerage issued a sell rating on the stock.

Reed’s Stock Performance

NYSE:REED opened at $1.50 on Thursday. The stock’s fifty day moving average is $1.53 and its 200 day moving average is $1.71. Reed’s has a fifty-two week low of $1.09 and a fifty-two week high of $3.75.

Reed’s (NYSE:REEDGet Free Report) last announced its quarterly earnings data on Tuesday, May 14th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.01). The business had revenue of $9.60 million during the quarter, compared to the consensus estimate of $11.19 million. As a group, equities analysts predict 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.

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