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

StockNews.com initiated coverage on shares of Reed’s (NYSE:REEDFree Report) in a research note issued to investors on Monday. The brokerage issued a sell rating on the stock.

Reed’s Stock Up 8.7 %

Reed’s stock opened at $1.30 on Monday. The firm has a fifty day simple moving average of $1.29 and a two-hundred day simple moving average of $1.43. Reed’s has a twelve month low of $0.59 and a twelve month high of $3.15. The company has a market capitalization of $5.45 million, a PE ratio of -0.36 and a beta of 1.08.

Reed’s (NYSE:REEDGet Free Report) last released its earnings results on Tuesday, August 13th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.29). The firm had revenue of $11.87 million during the quarter, compared to the consensus estimate of $11.47 million. As a group, equities analysts expect that Reed’s will post -1.25 earnings per share for the current fiscal 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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