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

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

Separately, Roth Capital restated a “buy” rating on shares of Reed’s in a report on Wednesday, April 23rd.

Reed’s Stock Performance

Shares of OTCMKTS:REED opened at $1.15 on Monday. The company has a market capitalization of $52.18 million, a PE ratio of -0.28 and a beta of 0.49. The stock has a fifty day moving average of $1.49 and a 200-day moving average of $1.17. Reed’s has a one year low of $0.51 and a one year high of $1.93.

Reed’s (OTCMKTS:REED) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The firm had revenue of $10.03 million during the quarter, compared to analyst estimates of $9.85 million. As a group, research analysts forecast that Reed’s will post -1.22 EPS for the current fiscal year.

About Reed’s

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.