Reeds (NYSEAMERICAN:REED – Get Free Report) posted its earnings results on Tuesday. The company reported ($0.36) EPS for the quarter, FiscalAI reports. Reeds had a negative net margin of 65.03% and a negative return on equity of 467.92%. The firm had revenue of $7.49 million for the quarter.
Reeds Stock Performance
NYSEAMERICAN:REED opened at $0.87 on Wednesday. The firm’s fifty day moving average is $1.19. Reeds has a fifty-two week low of $0.73 and a fifty-two week high of $12.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.58 and a current ratio of 1.11.
Wall Street Analyst Weigh In
Separately, Alliance Global Partners downgraded shares of Reeds from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.
Reeds Company Profile
Reeds, Inc is a U.S.-based beverage company known for producing premium ginger drinks and other naturally inspired refreshment products. Its portfolio has historically included ginger beer, ginger ale, ginger candies, and related beverages made with ginger root and other simple ingredients.
The company markets its products primarily through retail, grocery, and specialty channels in the United States, and it has also served select international markets over time. Reeds has built its brand around bold ginger flavor and a focus on natural ingredients, appealing to consumers seeking alternative soft drinks and mixers.
Founded in the 1980s, Reeds has long positioned itself as a niche beverage maker with an emphasis on functional and distinctive flavor profiles.
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