Reed’s (OTCMKTS:REED – Get Free Report) released its quarterly earnings data on Tuesday. The company reported ($0.23) EPS for the quarter, Zacks reports.
Reed’s Price Performance
REED stock traded up $0.18 during mid-day trading on Tuesday, reaching $1.48. 4,089 shares of the company’s stock were exchanged, compared to its average volume of 4,975. The company has a market cap of $12.12 million, a price-to-earnings ratio of -0.36 and a beta of 0.96. Reed’s has a 12-month low of $0.51 and a 12-month high of $2.42. The stock’s 50 day moving average is $1.26 and its 200 day moving average is $1.10.
Analyst Ratings Changes
Separately, StockNews.com assumed coverage on shares of Reed’s in a report on Tuesday, February 25th. They issued a “sell” rating for the company.
Reed’s Company Profile
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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