StockNews.com assumed coverage on shares of Reed’s (NYSE:REED – Free Report) in a research report report published on Sunday morning. The brokerage issued a sell rating on the stock.
Reed’s Price Performance
NYSE REED opened at $1.25 on Friday. Reed’s has a 1-year low of $1.21 and a 1-year high of $3.75. The firm has a market capitalization of $5.21 million, a P/E ratio of -0.25 and a beta of 1.11. The business’s 50-day simple moving average is $1.62 and its 200-day simple moving average is $1.93.
Reed’s (NYSE:REED – Get Free Report) last announced its quarterly earnings results on Thursday, March 28th. The company reported ($1.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.94). The business had revenue of $11.69 million for the quarter, compared to analysts’ expectations of $14.08 million. On average, equities research analysts expect that Reed’s will post -1.06 EPS 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.
Featured Articles
- Five stocks we like better than Reed’s
- How to Read Stock Charts for Beginners
- Garmin Navigates to New Highs Driven By Wearables Trend
- The 3 Best Fintech Stocks to Buy Now
- Pinterest Prospers From AI Boosting Shop-Ability and Relevance
- Where to Find Earnings Call Transcripts
- AbbVie Tracking for New Highs in 2024
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.
