Reed’s (OTCMKTS:REED – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01), Zacks reports. The company had revenue of $10.03 million for the quarter, compared to the consensus estimate of $9.85 million.
Reed’s Stock Performance
Shares of REED stock opened at $1.25 on Thursday. Reed’s has a one year low of $0.51 and a one year high of $1.93. The company’s 50-day moving average is $1.52 and its 200 day moving average is $1.17. The company has a market capitalization of $56.71 million, a price-to-earnings ratio of -0.31 and a beta of 0.49.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on REED. StockNews.com began coverage on shares of Reed’s in a research note on Tuesday. They issued a “sell” rating for the company. Roth Capital reiterated a “buy” rating on shares of Reed’s in a research note on Wednesday, April 23rd.
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.
Recommended Stories
- Five stocks we like better than Reed’s
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- Homebuilders: Oversold, Undervalued, and Ready to Run?
- The Significance of Brokerage Rankings in Stock Selection
- SMCI Stock Rally: 45% Gain in 2 Days Could Be Just the Start
- ESG Stocks, What Investors Should Know
- AMD’s AI-Powered Stock Price Rally Just Shifted Gears
Receive News & Ratings for Reed's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reed's and related companies with MarketBeat.com's FREE daily email newsletter.
