Reed’s (NYSE:REED) Coverage Initiated at StockNews.com

by · The Markets Daily

StockNews.com initiated coverage on shares of Reed’s (NYSE:REED – Free Report) in a research report report published on Thursday morning. The firm issued a sell rating on the stock.

Reed’s Stock Performance

Shares of REED opened at $1.39 on Thursday. Reed’s has a 12-month low of $1.00 and a 12-month high of $3.54. The firm has a 50-day moving average price of $1.36 and a 200 day moving average price of $1.49. The firm has a market capitalization of $5.79 million, a P/E ratio of -0.37 and a beta of 1.07.

Reed’s (NYSE:REED – Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.29). The firm had revenue of $11.87 million for the quarter, compared to analyst estimates of $11.47 million. Equities research analysts predict that Reed’s will post -1.25 earnings per share for the current fiscal year.

About Reed’s

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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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