Reed’s (OTCMKTS:REED) Research Coverage Started at StockNews.com

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

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

Reed’s Price Performance

OTCMKTS:REED opened at $1.30 on Friday. The business’s 50-day simple moving average is $1.34 and its 200-day simple moving average is $1.10. Reed’s has a fifty-two week low of $0.51 and a fifty-two week high of $2.42. The stock has a market capitalization of $10.64 million, a PE ratio of -0.32 and a beta of 0.62.

Reed’s (OTCMKTS:REED) last announced its quarterly earnings results on Tuesday, March 25th. The company reported ($0.23) earnings per share for the quarter. The business had revenue of $9.73 million for the quarter, compared to analysts’ expectations of $8.68 million. On average, research analysts expect 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.