Reed’s (OTCMKTS:REED) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Reed’s (OTCMKTS:REED) in a report issued on Saturday. The brokerage set a “sell” rating on the stock.

Separately, Roth Capital set a $1.75 price target on shares of Reed’s in a research report on Thursday, March 27th.

Reed’s Price Performance

Shares of REED traded down $0.10 during mid-day trading on Friday, hitting $1.30. 4,775 shares of the company’s stock were exchanged, compared to its average volume of 4,673. The company has a 50-day simple moving average of $1.33 and a 200 day simple moving average of $1.10. Reed’s has a 52 week low of $0.51 and a 52 week high of $2.42. The company has a market cap of $10.64 million, a PE ratio of -0.32 and a beta of 0.96.

Reed’s (OTCMKTS:REED) last posted its quarterly earnings results on Tuesday, March 25th. The company reported ($0.23) EPS for the quarter. The company had revenue of $9.73 million during the quarter, compared to analyst estimates of $8.68 million. On average, analysts anticipate that Reed’s will post -1.22 earnings per share for the current year.

Reed’s Company Profile

Reed's, Inc engages in the manufacture and distribution of natural beverages in the United States. The company offers Reed's craft ginger beer; Reed's real ginger ales; Reed's Classic Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas.