Reed's (REED) Earning Somewhat Favorable Media Coverage, Study Finds
News stories about Reed's (NYSE:REED) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Reed's earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned media coverage about the consumer goods maker an impact score of 44.5419802086656 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Reed's (NYSE:REED) opened at 2.25 on Friday. Reed's has a one year low of $1.50 and a one year high of $4.75. The company’s market cap is $34.05 million. The stock has a 50 day moving average price of $2.11 and a 200 day moving average price of $2.69.
Reed's (NYSE:REED) last released its earnings results on Monday, August 14th. The consumer goods maker reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.33. The company had revenue of $8.86 million for the quarter. On average, equities analysts anticipate that Reed's will post ($0.25) EPS for the current fiscal year.
Separately, Maxim Group dropped their price target on Reed's to $3.50 and set a “buy” rating on the stock in a research note on Tuesday, August 15th.
In other news, Director John Bello purchased 29,400 shares of the business’s stock in a transaction on Friday, August 25th. The stock was purchased at an average cost of $1.70 per share, with a total value of $49,980.00. Following the acquisition, the director now directly owns 19,355 shares in the company, valued at $32,903.50. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.
Reed’s, Inc develops, manufactures, markets and sells natural non-alcoholic carbonated soft drinks, Kombucha, candies and ice creams. The Company manufactures, licenses, markets and sells several product lines, such as Reed’s Ginger Brews; Virgil’s Root Beer, Cream Sodas, Dr. Better and Real Cola, including ZERO diet sodas; Culture Club Kombucha; China Colas; Reed’s Ginger candy and ice creams, and Sonoma Sparkler and other juice based products.
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