Stock to Track: Reed’s, Inc. (NYSEMKT:REED)

Shares of Reed’s, Inc. (NYSEMKT:REED) ended Friday session in green amid volatile trading. The shares closed up +0.05 points or 1.22% at $4.15 with 2760 shares getting traded. Post opening the session at $4.15, the shares hit an intraday low of $4.10 and an intraday high of $4.15 and the price vacillated in this range throughout the day.

Market Cap/Outstanding Shares

The company has a market cap of $56.35 million and the number of outstanding shares have been calculated to be 13.91 million shares.

Performance weekly/monthly/quarterly/yearly in percentage (%)

The performance for the week is valued at -2.35%, resulting in a performance for the month at -3.49%. Therefore, the stated figure displays a quarterly performance of 33.01% and an annual performance of -16.16% traded up 1.22% on 25 November, 2016 hitting $4.15.

EPS (Earning Per Share )

The EPS of REED is strolling at -0.23, measuring its EPS growth this year at -418.40%. As a result, the company has an EPS growth of 147.80% for the approaching year. Company’s EPS for the past five years is valued at -17.30%, leading it to an EPS value of 25.00% for the next five years.

P/S-P/B-P/C

Reed’s, Inc. has a P/S value of 1.28, measuring P/B at 69.17. Its P/Cash is valued at 30.73.

Beta/ATR/Volatility

Beta factor is stands at 0.54 and Avg. true range is 0.18. Historically, the volatility of this stock is about 3.14% a week and 4.38% a month.

Reed’s, Inc. (REED) declared recently that it has secured a new distribution partnership for Reed’s and Virgil’s brands with Morris Distributing for the North Bay counties region of  California.  Morris Distributing is headquartered in Petaluma, California and distributes to over 2,200 retailers in Sonoma, Marin, Mendocino, Lake, Napa and San Francisco Counties.   Dedicated to their suppliers and customers, Morris prides itself on delivering some of the best and most recognized craft, imported and California beers in the US.  Together with their extensive craft beer portfolio, Morris sells premium soft drinks, water, juice, tea and energy drinks.

Neal Cohane, SVP Sales and Marketing for Reed’s commented, “Morris has built a reputation as being one of the best distributors in the North Bay Area for almost 25 years, servicing all channels of business counting some the most cutting edge bars, restaurants and independent grocers.  We are truly excited to be introducing Reed’s Ginger Brews and Virgil’s, together with our new Reed’s Stronger Ginger Brew 7 oz Pony 4-pack into this market.  Morris has developed an extremely dedicated, practiced and aim oriented selling team with a tremendous entrepreneurial spirit.  The Reed’s sales team will be joining with the Morris team shortly to create an exciting crew drive that will focus on expanding Reed’s and Virgil’s presence into the Bay Area.  Consumers are demanding their ‘Reed’s Mule’ and the Reed’s and Morris selling teams are prepared to fill this demand.”

 

 

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