Research analysts at StockNews.com started coverage on shares of Reed’s (NYSE:REED – Get Free Report) in a report issued on Saturday. The brokerage set a “sell” rating on the stock.
Reed’s Stock Performance
Shares of REED opened at $1.45 on Friday. The company has a market capitalization of $6.05 million, a P/E ratio of -0.28 and a beta of 1.14. Reed’s has a one year low of $1.21 and a one year high of $3.75. The stock has a 50-day moving average price of $1.68 and a 200 day moving average price of $2.01.
Reed’s (NYSE:REED – Get Free Report) last released its earnings results on Thursday, March 28th. The company reported ($1.25) 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 the consensus estimate of $14.08 million. As a group, equities research analysts forecast that Reed’s will post -1.06 earnings per share for the current fiscal year.
About Reed’s
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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