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’s stock opened at $1.48 on Wednesday. The stock’s fifty day moving average price is $1.27 and its two-hundred day moving average price is $1.10. The firm has a market cap of $12.12 million, a PE ratio of -0.36 and a beta of 0.96. Reed’s has a one year low of $0.51 and a one year high of $2.42.
Analyst Ratings Changes
Separately, StockNews.com began coverage on shares of Reed’s in a research note on Tuesday, February 25th. They issued a “sell” rating on the stock.
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 Classic Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas.
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