Reed’s (OTCMKTS:REED) Now Covered by StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Reed’s (OTCMKTS:REED) in a report released on Thursday. The brokerage set a “sell” rating on the stock.

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

Reed’s Trading Up 23.0 %

OTCMKTS REED opened at $1.55 on Thursday. The stock has a fifty day simple moving average of $1.36 and a 200-day simple moving average of $1.11. The stock has a market cap of $70.33 million, a PE ratio of -0.38 and a beta of 0.62. Reed’s has a twelve month low of $0.51 and a twelve month high of $1.89.

Reed’s (OTCMKTS:REED) last announced its earnings results on Tuesday, March 25th. The company reported ($0.23) earnings per share for the quarter. The business had revenue of $9.73 million for the quarter, compared to the consensus estimate of $8.68 million. Research analysts predict that Reed’s will post -1.22 EPS for the current year.

Reed’s Company Profile

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.