StockNews.com began coverage on shares of Reed’s (NYSE:REED – Free Report) in a research report released on Friday morning. The brokerage issued a sell rating on the stock.
Reed’s Price Performance
Shares of NYSE:REED opened at $1.32 on Friday. The stock has a market cap of $5.51 million, a price-to-earnings ratio of -0.35 and a beta of 1.08. The company has a 50 day moving average of $1.35 and a 200-day moving average of $1.48. Reed’s has a one year low of $1.00 and a one year high of $3.30.
Reed’s (NYSE:REED – Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.29). The firm had revenue of $11.87 million during the quarter, compared to the consensus estimate of $11.47 million. Equities research analysts anticipate that Reed’s will post -1.25 earnings per share for the current year.
Reed’s Company Profile
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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