Analysts at StockNews.com began reporting on shares of Reed’s (NYSE:REED – Get Free Report) in a research note published on Friday. The company gave the stock a “sell” rating.
Reeds trading down 0.8%
Reed shares opened at $1.27 on Friday. The stock’s 50-day moving average is $1.52 and its 200-day moving average is $1.60. The company has a market cap of $5.30 million, a P/E ratio of -0.33 and a beta of 1.13. Reed has a 12-month low of $1.00 and a 12-month high of $3.75.
Reed’s (NYSE:REED – Get Free Report) last released its quarterly earnings results on Tuesday, May 14. The company reported earnings per share (EPS) of -$0.40 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. Analysts forecast that Reed’s will report earnings per share of -$0.56 for the current fiscal year.
Reeds Company Profile
(Get free report)
Reed’s, Inc. is engaged 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 Lemonades.
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