Stock analysts at StockNews.com initiated coverage on shares of Reed’s (NYSE:REED – Get Free Report) in a research report issued to clients and investors on Saturday. The firm set a “sell” rating on the stock.
Reed’s Stock Down 11.6 %
NYSE REED opened at $1.45 on Friday. Reed’s has a twelve month low of $1.21 and a twelve month high of $3.75. The company has a market cap of $6.05 million, a price-to-earnings ratio of -0.28 and a beta of 1.14. The business’s fifty day moving average is $1.68 and its 200 day moving average is $1.99.
Reed’s (NYSE:REED – Get Free Report) last announced its earnings results on Thursday, March 28th. The company reported ($1.25) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.94). The business had revenue of $11.69 million during the quarter, compared to analysts’ expectations of $14.08 million. On average, research analysts anticipate 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.
Read More
- Five stocks we like better than Reed’s
- Best Stocks Under $5.00
- Snap Crackles and Pops on Surprise Profit and Raised Guidance
- Breakout Stocks: What They Are and How to Identify Them
- MarketBeat Week in Review – 4/22 – 4/26
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- 3 Stocks Leading the U.S. Agriculture Comeback
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.
