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 Wednesday morning. The brokerage issued a sell rating on the stock.

Separately, Roth Capital reiterated a “buy” rating on shares of Reed’s in a report on Wednesday, April 23rd.

Reed’s Stock Performance

Shares of OTCMKTS REED opened at $1.76 on Wednesday. The company’s 50 day moving average price is $1.51 and its 200-day moving average price is $1.17. Reed’s has a 52-week low of $0.51 and a 52-week high of $1.93. The company has a market capitalization of $79.63 million, a P/E ratio of -0.43 and a beta of 0.49.

Reed’s (OTCMKTS:REED) last issued its quarterly 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 during the quarter, compared to analysts’ expectations of $8.68 million. Analysts forecast that Reed’s will post -1.22 earnings per share 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.