StockNews.com Begins Coverage on Reed’s (OTCMKTS:REED)

StockNews.com assumed coverage on shares of Reed’s (OTCMKTS:REED) in a research note released on Monday. The brokerage issued a sell rating on the stock.

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

Reed’s Stock Performance

Shares of REED opened at $1.18 on Monday. The stock has a 50-day moving average of $1.50 and a two-hundred day moving average of $1.17. Reed’s has a one year low of $0.51 and a one year high of $1.93. The stock has a market cap of $53.63 million, a P/E ratio of -0.29 and a beta of 0.49.

Reed’s (OTCMKTS:REED) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The business had revenue of $10.03 million during the quarter, compared to the consensus estimate of $9.85 million. Analysts predict that Reed’s will post -1.22 EPS for the current fiscal 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.