Analysts at StockNews.com began coverage on shares of Reed’s (NYSE:REED – Get Free Report) in a research report issued on Tuesday. The firm set a “sell” rating on the stock.
Separately, Roth Mkm dropped their price target on Reed’s from $17.00 to $7.00 and set a “buy” rating on the stock in a research report on Monday.
Reed’s Price Performance
Reed’s (NYSE:REED – Get Free Report) last posted its quarterly earnings results on Thursday, June 1st. The company reported ($1.70) EPS for the quarter, missing analysts’ consensus estimates of ($1.02) by ($0.68). The company had revenue of $11.16 million during the quarter, compared to analyst estimates of $14.12 million. Analysts anticipate that Reed’s will post -4.55 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 Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas.
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