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

Research analysts at StockNews.com initiated coverage on shares of Reed’s (NYSE:REED) in a report released on Tuesday. The firm set a “sell” rating on the stock.

Reed’s Trading Down 0.8 %

REED opened at $1.20 on Tuesday. The stock has a fifty day simple moving average of $1.29 and a two-hundred day simple moving average of $1.41. The company has a market cap of $5.03 million, a price-to-earnings ratio of -0.34 and a beta of 1.10. Reed’s has a 12-month low of $0.59 and a 12-month high of $3.15.

Reed’s (NYSE:REED) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.29). The business had revenue of $11.87 million during the quarter, compared to analyst estimates of $11.47 million. On average, analysts predict that Reed’s will post -1.25 EPS 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.