Reeds, Inc. (OTCMKTS:REED – Get Free Report)’s stock price traded up 6.7% during mid-day trading on Monday . The company traded as high as $1.27 and last traded at $1.27. 6,367 shares changed hands during trading, a decline of 56% from the average session volume of 14,408 shares. The stock had previously closed at $1.19.
Reeds Trading Up 6.7%
The firm has a market capitalization of $68.16 million, a P/E ratio of -1.04 and a beta of 0.18. The company has a 50 day simple moving average of $1.06 and a two-hundred day simple moving average of $1.16.
Reeds (OTCMKTS:REED – Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The business had revenue of $9.52 million during the quarter, compared to analyst estimates of $10.29 million. On average, sell-side analysts expect that Reeds, Inc. will post -1.22 EPS for the current fiscal year.
About Reeds
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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