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

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

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

Reed’s Price Performance

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

Reed’s (OTCMKTS:REED) last posted its quarterly earnings results on Tuesday, March 25th. The company reported ($0.23) EPS for the quarter. The company had revenue of $9.73 million during the quarter, compared to analyst estimates of $8.68 million. On average, equities analysts expect that Reed’s will post -1.22 EPS for the current 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.