Reed’s (OTCMKTS:REED – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported ($0.23) earnings per share for the quarter, Zacks reports.
Reed’s Stock Performance
REED stock traded up $0.18 during midday trading on Tuesday, hitting $1.48. 4,089 shares of the company’s stock were exchanged, compared to its average volume of 4,975. Reed’s has a one year low of $0.51 and a one year high of $2.42. The stock’s fifty day moving average price is $1.26 and its 200-day moving average price is $1.10. The company has a market cap of $12.12 million, a PE ratio of -0.36 and a beta of 0.96.
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on Reed’s in a research note on Tuesday, February 25th. They issued a “sell” rating on the stock.
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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