Reeds (NYSEAMERICAN:REED – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported ($0.27) earnings per share for the quarter, FiscalAI reports. Reeds had a negative net margin of 63.48% and a negative return on equity of 580.89%. The company had revenue of $6.51 million for the quarter.
Reeds Price Performance
Shares of NYSEAMERICAN REED traded up $0.01 during midday trading on Tuesday, hitting $1.26. 47,585 shares of the stock traded hands, compared to its average volume of 367,743. Reeds has a one year low of $0.33 and a one year high of $7.41. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.85 and a quick ratio of 0.41. The stock has a 50-day moving average price of $0.73.
Reeds Company Profile
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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