Reeds (OTCMKTS:REED) Announces Quarterly Earnings Results

Key Points

• Reeds reported a quarterly earnings loss of ($0.10) EPS, which missed the consensus estimate of ($0.04) by ($0.06).
• The company's stock traded at $1.05 with a market capitalization of $51.10 million and a twelve-month trading range between $0.51 and $1.93.
• Analysts have mixed ratings on Reeds, with Wall Street Zen issuing a "sell" rating while Roth Capital maintains a "buy" rating.

Reeds (OTCMKTS:REED - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.06), Zacks reports.

Reeds Stock Performance

OTCMKTS REED traded up $0.04 on Tuesday, reaching $1.05. The company's stock had a trading volume of 6,308 shares, compared to its average volume of 7,104. Reeds has a twelve month low of $0.51 and a twelve month high of $1.93. The stock has a market cap of $51.10 million, a PE ratio of -0.56 and a beta of 0.10. The firm's 50 day moving average is $1.01 and its two-hundred day moving average is $1.26.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Wall Street Zen assumed coverage on shares of Reeds in a research report on Monday, May 19th. They set a "sell" rating for the company. Roth Capital restated a "buy" rating on shares of Reeds in a research report on Wednesday, April 23rd.

Reeds 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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