Press coverage about Reed’s (NYSE:REED) has trended somewhat negative recently, according to Alpha One. Alpha One, a service of Accern, identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Reed’s earned a media sentiment score of -0.25 on Alpha One’s scale. Alpha One also assigned news coverage about the consumer goods maker an impact score of 90 out of 100, meaning that recent news coverage is very likely to have an effect on the stock’s share price in the next several days.
A number of brokerages recently weighed in on REED. Maxim Group lowered their price objective on shares of Reed’s from $7.00 to $5.50 and set a “buy” rating for the company in a research report on Tuesday, April 25th. Zacks Investment Research cut shares of Reed’s from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 27th.
Reed’s (NYSE REED) traded up 1.85% during mid-day trading on Friday, reaching $2.75. 20,328 shares of the company traded hands. Reed’s has a one year low of $2.25 and a one year high of $4.75. The stock’s 50-day moving average price is $3.34 and its 200-day moving average price is $3.87. The firm’s market cap is $38.45 million.
Reed’s (NYSE:REED) last announced its quarterly earnings results on Monday, May 15th. The consumer goods maker reported ($0.14) EPS for…
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