Reeds, Inc. (NYSEAMERICAN:REED – Get Free Report) shot up 2.6% on Thursday. The stock traded as high as $0.6773 and last traded at $0.6466. 22,171 shares changed hands during trading, a decline of 89% from the average session volume of 204,820 shares. The stock had previously closed at $0.63.
Reeds Stock Down 0.4%
The firm’s fifty day simple moving average is $0.84. The company has a quick ratio of 0.41, a current ratio of 0.85 and a debt-to-equity ratio of 0.31.
Reeds (NYSEAMERICAN:REED – Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported ($0.36) earnings per share for the quarter. The company had revenue of $7.49 million for the quarter. Reeds had a negative net margin of 63.48% and a negative return on equity of 580.89%.
Reeds Company Profile
Reed’s, Inc is a beverage company that develops, manufactures and markets natural and craft soft drinks. Its product portfolio has historically included Reed’s Ginger Beer, Ginger Ale and other ginger-based beverages, as well as Virgil’s handcrafted root beer and other specialty sodas.
The company’s beverages have been sold through grocery stores, natural-food retailers, convenience stores, restaurants, distributors and online channels, primarily in the United States. Reed’s has positioned its brands around distinctive flavors and, in some cases, natural ingredients and premium beverage formulations.
Founded in 1987 by Christopher J.
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