Reeds (NYSEAMERICAN:REED) Stock Price Up 2.6% – What’s Next?

Reeds, Inc. (NYSEAMERICAN:REED)’s share price traded up 2.6% during trading on Thursday. The company traded as high as $0.6773 and last traded at $0.6466. Approximately 22,171 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 204,820 shares. The stock had previously closed at $0.63.

Reeds Price Performance

The firm has a fifty day moving average price of $0.84. The company has a current ratio of 0.85, a quick ratio of 0.41 and a debt-to-equity ratio of 0.31.

Reeds (NYSEAMERICAN:REED) last announced its earnings results on Tuesday, August 11th. The company reported ($0.36) earnings per share for the quarter. Reeds had a negative return on equity of 580.89% and a negative net margin of 63.48%.The business had revenue of $7.49 million during the quarter.

Reeds Company Profile

Reed’s, Inc is a beverage company that develops, manufactures and markets natural and craft soft drinks. Its product portfolio has historically included Reed’s Ginger Beer, Ginger Ale and other ginger-based beverages, as well as Virgil’s handcrafted root beer and other specialty sodas.

The company’s beverages have been sold through grocery stores, natural-food retailers, convenience stores, restaurants, distributors and online channels, primarily in the United States. Reed’s has positioned its brands around distinctive flavors and, in some cases, natural ingredients and premium beverage formulations.

Founded in 1987 by Christopher J.