Research analysts at StockNews.com started coverage on shares of Reed’s (NYSE:REED – Get Rating) in a research note issued to investors on Wednesday. The brokerage set a “sell” rating on the stock.
Reed’s Price Performance
NYSE:REED opened at $2.69 on Wednesday. The company’s 50-day simple moving average is $3.43. Reed’s has a twelve month low of $2.41 and a twelve month high of $12.55. The stock has a market cap of $7.01 million, a P/E ratio of -0.30 and a beta of 1.62.
Reed’s (NYSE:REED – Get Rating) last released its quarterly earnings results on Wednesday, March 29th. The company reported ($2.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.28) by ($1.21). Reed’s had a negative return on equity of 12,036.32% and a negative net margin of 36.23%. The firm had revenue of $15.04 million for the quarter, compared to analyst estimates of $15.10 million. As a group, sell-side analysts predict that Reed’s will post -2.11 EPS for the current year.
Reed’s Company Profile
Reed’s, Inc engages in the manufacture and distribution of carbonated and non-carbonated beverages. Its product lines include Reed’s Ginger Brews, Virgil’s Root Beer, and Flying Caldron Butterscotch Beer. The company was founded by Christopher J. Reed in June 1987 and is headquartered in Norwalk, CT.
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