Analysts at StockNews.com started coverage on shares of Reed’s (NYSE:REED – Get Free Report) in a research report issued to clients and investors on Friday. The brokerage set a “sell” rating on the stock.
Reed’s Stock Up 2.3 %
REED opened at $1.32 on Friday. Reed’s has a 52 week low of $1.00 and a 52 week high of $3.30. The company has a market capitalization of $5.48 million, a P/E ratio of -0.35 and a beta of 1.08. The stock’s fifty day moving average is $1.35 and its two-hundred day moving average is $1.48.
Reed’s (NYSE:REED – Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($0.44) earnings per share 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. Equities analysts anticipate that Reed’s will post -1.25 earnings per share for the current 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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