News coverage about Reed’s (NYSE:REED) has trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Reed’s earned a news impact score of 0.04 on Accern’s scale. Accern also assigned media coverage about the consumer goods maker an impact score of 83 out of 100, indicating that recent news coverage is very likely to have an effect on the company’s share price in the near term.
Reed’s (REED) remained flat at $2.55 during mid-day trading on Friday. 20,908 shares of the stock traded hands. The company has a 50-day moving average of $2.87 and a 200 day moving average of $3.71. Reed’s has a 1-year low of $2.30 and a 1-year high of $4.75. The stock’s market capitalization is $35.65 million.
Reed’s (NYSE:REED) last posted its earnings results on Monday, May 15th. The consumer goods maker reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.11) by $0.03. The company had revenue of $8.30 million for the quarter, compared to the consensus estimate of $8.30 million. Equities analysts predict that Reed’s will post ($0.26) earnings per share for the current fiscal year.
Several analysts have issued reports on the company. Zacks Investment Research downgraded Reed’s from a “hold”…
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