Reed’s (OTCMKTS:REED) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Reed’s (OTCMKTS:REED) in a research note released on Thursday. The firm issued a sell rating on the stock.

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

Reed’s Price Performance

Shares of OTCMKTS REED opened at $1.69 on Thursday. The company has a market cap of $76.68 million, a P/E ratio of -0.42 and a beta of 0.62. Reed’s has a 1 year low of $0.51 and a 1 year high of $1.89. The firm has a 50-day simple moving average of $1.38 and a two-hundred day simple moving average of $1.11.

Reed’s (OTCMKTS:REED) last issued its quarterly earnings data 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 analyst estimates of $8.68 million. As a group, equities research analysts expect that Reed’s will post -1.22 EPS 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.