Reeds (NYSEAMERICAN:REED – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported ($0.27) EPS for the quarter, FiscalAI reports. Reeds had a negative net margin of 61.80% and a negative return on equity of 526.64%. The business had revenue of $6.51 million for the quarter.
Reeds Stock Down 2.2%
Shares of Reeds stock opened at $1.74 on Thursday. The firm has a 50 day moving average of $0.75. The stock has a market cap of $20.65 million, a price-to-earnings ratio of -1.09 and a beta of 0.24. The company has a quick ratio of 0.41, a current ratio of 0.85 and a debt-to-equity ratio of 0.31. Reeds has a 52 week low of $0.33 and a 52 week high of $7.41.
About Reeds
Reed’s, Inc. is a beverage company that develops, produces, markets and distributes natural and craft-oriented non-alcoholic drinks. Its portfolio has historically centered on Reed’s, a brand known for ginger beer and other ginger-based beverages, and Virgil’s, which offers specialty root beer and other craft sodas. The company’s products are sold through retail and food-service channels, including supermarkets, natural and specialty food stores, convenience outlets, restaurants and online retailers.
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