Reed’s (OTCMKTS:REED – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported ($0.23) earnings per share for the quarter, Zacks reports.
Reed’s Price Performance
Shares of OTCMKTS:REED traded up $0.18 during midday trading on Tuesday, reaching $1.48. The company’s stock had a trading volume of 4,089 shares, compared to its average volume of 4,975. The business’s fifty day simple moving average is $1.26 and its 200-day simple moving average is $1.10. The company has a market capitalization of $12.12 million, a P/E ratio of -0.36 and a beta of 0.96. Reed’s has a fifty-two week low of $0.51 and a fifty-two week high of $2.42.
Analyst Ratings Changes
Separately, StockNews.com assumed coverage on shares of Reed’s in a research note on Tuesday, February 25th. They issued a “sell” rating on the stock.
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.
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