Reed’s (NYSE:REED) Now Covered by StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Reed’s (NYSE:REED) in a report released on Tuesday. The firm set a “sell” rating on the stock.

Reed’s Stock Up 6.2 %

NYSE:REED opened at $1.33 on Tuesday. Reed’s has a 52 week low of $0.59 and a 52 week high of $3.15. The company has a market capitalization of $5.57 million, a P/E ratio of -0.37 and a beta of 1.10. The stock’s fifty day moving average is $1.29 and its two-hundred day moving average is $1.42.

Reed’s (NYSE:REED) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.29). The company had revenue of $11.87 million during the quarter, compared to analysts’ expectations of $11.47 million. Sell-side analysts anticipate that Reed’s will post -1.25 earnings per share for the current fiscal 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.