Begins Coverage on Reed’s (NYSE:REED) initiated coverage on shares of Reed’s (NYSE:REEDFree Report) in a report published on Monday. The brokerage issued a sell rating on the stock.

Reed’s Price Performance

Shares of Reed’s stock opened at $1.39 on Monday. The firm has a market cap of $5.80 million, a P/E ratio of -0.37 and a beta of 1.13. The firm has a 50 day simple moving average of $1.52 and a 200 day simple moving average of $1.66. Reed’s has a fifty-two week low of $1.09 and a fifty-two week high of $3.75.

Reed’s (NYSE:REEDGet Free Report) last announced its quarterly earnings data on Tuesday, May 14th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.01). The business had revenue of $9.60 million for the quarter, compared to analysts’ expectations of $11.19 million. On average, sell-side analysts expect that Reed’s will post -0.56 EPS for the current year.

Reed’s Company Profile

(Get Free Report)

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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