Shares of Reeds, Inc. (OTCMKTS:REED – Get Free Report) traded down 1.4% during mid-day trading on Wednesday . The company traded as low as $3.49 and last traded at $3.49. 6,420 shares were traded during trading, a decline of 80% from the average session volume of 32,094 shares. The stock had previously closed at $3.54.
Reeds Trading Down 1.4%
The stock has a 50-day simple moving average of $3.60 and a 200-day simple moving average of $3.92. The company has a market cap of $41.25 million, a price-to-earnings ratio of -0.48 and a beta of 0.35.
Institutional Trading of Reeds
A hedge fund recently bought a new stake in Reeds stock. Jane Street Group LLC acquired a new position in Reeds, Inc. (OTCMKTS:REED – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 15,129 shares of the company’s stock, valued at approximately $32,000. Jane Street Group LLC owned approximately 0.17% of Reeds as of its most recent filing with the SEC. 51.48% of the stock is currently owned by institutional investors.
About Reeds
Reed’s, Inc is a U.S.-based beverage company specializing in the development, production and distribution of craft soft drinks, mixers and functional beverages that feature real ginger and other natural ingredients. The company’s flagship Reed’s Ginger Brew line includes Original, Extra and Stronger formulations, each brewed using fresh ginger root to deliver a balance of spicy flavor and perceived health benefits. Reed’s also markets a portfolio of craft sodas under the Virgil’s brand, offering varieties such as Root Beer, Craft Cola and Vanilla Cream Soda without artificial sweeteners or preservatives.
Founded in 1989 by Christopher J.
See Also
Receive News & Ratings for Reeds Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reeds and related companies with MarketBeat.com's FREE daily email newsletter.
