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

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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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