Reed’s (OTCMKTS:REED) Trading Down 2.6% – Here’s Why

Reed’s, Inc. (OTCMKTS:REED) was down 2.6% on Tuesday . The stock traded as low as $1.21 and last traded at $1.35. Approximately 631 shares were traded during trading, a decline of 88% from the average daily volume of 5,109 shares. The stock had previously closed at $1.39.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Reed’s in a report on Tuesday, February 25th. They set a “sell” rating on the stock.

Reed’s Stock Performance

The stock has a market capitalization of $10.23 million, a price-to-earnings ratio of -0.31 and a beta of 0.96. The business has a 50-day moving average of $1.23 and a 200-day moving average of $1.10.

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.