StockNews.com assumed coverage on shares of Reed’s (NYSE:REED – Free Report) in a research report released on Friday morning. The firm issued a sell rating on the stock.
Reed’s Price Performance
REED opened at $1.66 on Friday. The stock has a market capitalization of $6.90 million, a price-to-earnings ratio of -0.32 and a beta of 1.14. Reed’s has a 12 month low of $1.35 and a 12 month high of $3.75. The business has a 50-day moving average of $1.70 and a two-hundred day moving average of $2.03.
Reed’s (NYSE:REED – Get Free Report) last posted its quarterly earnings results on Thursday, March 28th. The company reported ($1.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.94). The business had revenue of $11.69 million during the quarter, compared to analysts’ expectations of $14.08 million. Equities research analysts anticipate that Reed’s will post -1.06 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 Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas.
Featured Stories
- Five stocks we like better than Reed’s
- Which Wall Street Analysts are the Most Accurate?
- It’s Time to Buy Into the Super Micro Computer Stock Implosion
- The 3 Best Blue-Chip Stocks to Buy Now
- Merger or Not, Albertson’s Companies is a Good Buy
- 3 Grocery Stocks That Are Proving They Are Still Essential
- 3 Cheap Stocks That Shouldn’t Be So
Receive News & Ratings for Reed's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reed's and related companies with MarketBeat.com's FREE daily email newsletter.
