StockNews.com Begins Coverage on Reed’s (NYSE:REED)

by · The Markets Daily

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

Reed’s Stock Performance

Shares of REED opened at $1.25 on Wednesday. The company has a 50-day simple moving average of $1.28 and a 200-day simple moving average of $1.39. The firm has a market capitalization of $5.24 million, a P/E ratio of -0.35 and a beta of 1.10. Reed’s has a 52 week low of $0.59 and a 52 week high of $3.00.

Reed’s (NYSE:REED – Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates 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. As a group, equities analysts forecast that Reed’s will post -1.25 earnings per share for the current year.

Reed’s Company Profile

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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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