StockNews.com assumed coverage on shares of Reed’s (NYSE:REED – Free Report) in a report issued on Friday. The brokerage issued a sell rating on the stock.
Reed’s Price Performance
NYSE REED opened at $1.83 on Friday. The stock’s 50 day moving average is $1.71 and its 200 day moving average is $2.06. Reed’s has a 12 month low of $1.35 and a 12 month high of $3.75.
Reed’s (NYSE:REED – Get Free Report) last posted its quarterly 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 company had revenue of $11.69 million during the quarter, compared to the consensus estimate of $14.08 million. As a group, equities research analysts expect 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 Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas.
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