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

StockNews.com started coverage on shares of Reed’s (OTCMKTS:REED) in a research report sent to investors on Thursday morning. The brokerage issued a sell rating on the stock.

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

Reed’s Price Performance

Shares of REED opened at $1.69 on Thursday. Reed’s has a 12 month low of $0.51 and a 12 month high of $1.89. The stock’s 50-day moving average is $1.37 and its two-hundred day moving average is $1.11. The stock has a market cap of $76.68 million, a PE ratio of -0.42 and a beta of 0.62.

Reed’s (OTCMKTS:REED) last released 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 analysts’ expectations of $8.68 million. On average, research analysts anticipate that Reed’s will post -1.22 earnings per share 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.