Shares of Reeds, Inc. (NYSEAMERICAN:REED – Get Free Report) passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $0.73 and traded as high as $0.7949. Reeds shares last traded at $0.7428, with a volume of 110,172 shares trading hands.
Reeds Stock Up 7.3%
The business’s 50 day moving average is $0.73. 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 issued its earnings results on Tuesday, August 11th. The company reported ($0.36) earnings per share (EPS) for the quarter. Reeds had a negative return on equity of 580.89% and a negative net margin of 63.48%. The business had revenue of $7.49 million for the quarter.
Reeds Company Profile
Reed’s, Inc is a beverage company that develops, produces, markets and distributes natural and craft-oriented non-alcoholic drinks. Its portfolio has historically centered on Reed’s, a brand known for ginger beer and other ginger-based beverages, and Virgil’s, which offers specialty root beer and other craft sodas.
The company’s products are sold through retail and food-service channels, including supermarkets, natural and specialty food stores, convenience outlets, restaurants and online retailers.
Featured Stories
- Five stocks we like better than Reeds
- LyondellBasell’s Dividend Looks Safer, But a New Risk Could Change That
- L3Harris Stock Took a Beating—Is a 20% Rebound Next?
- Starbucks Says Its Turnaround Is Done—The Numbers Make a Strong Case (With 1 Catch)
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
Receive News & Ratings for Reeds Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reeds and related companies with MarketBeat.com's FREE daily email newsletter.
