Reeds, Inc. (NYSEAMERICAN:REED – Get Free Report)’s share price crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $0.73 and traded as high as $0.7949. Reeds shares last traded at $0.7428, with a volume of 110,172 shares.
Reeds Stock Up 7.3%
The stock has a fifty day simple moving average of $0.73. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.41 and a current ratio of 0.85.
Reeds (NYSEAMERICAN:REED – Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.36) earnings per share (EPS) for the quarter. The firm had revenue of $7.49 million during the quarter. Reeds had a negative net margin of 63.48% and a negative return on equity of 580.89%.
About Reeds
Reed’s, Inc is a beverage company that develops, produces, markets and distributes natural and craft-oriented non-alcoholic drinks. Its portfolio has historically centered on Reed’s, a brand known for ginger beer and other ginger-based beverages, and Virgil’s, which offers specialty root beer and other craft sodas.
The company’s products are sold through retail and food-service channels, including supermarkets, natural and specialty food stores, convenience outlets, restaurants and online retailers.
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