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

StockNews.com initiated coverage on shares of Reed's (OTCMKTS:REED - Get Free Report) in a report issued on Tuesday. The firm set a "sell" rating on the stock.

Separately, Roth Capital reaffirmed a "buy" rating on shares of Reed's in a research note on Wednesday, April 23rd.

Reed's Trading Up 18.0%

Reed's stock traded up $0.18 during trading on Tuesday, reaching $1.18. The company had a trading volume of 8,820 shares, compared to its average volume of 8,282. Reed's has a 52 week low of $0.51 and a 52 week high of $1.93. The firm's 50-day simple moving average is $1.51 and its 200 day simple moving average is $1.17. The firm has a market capitalization of $53.54 million, a price-to-earnings ratio of -0.29 and a beta of 0.49.

Reed's (OTCMKTS:REED - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The firm had revenue of $10.03 million for the quarter, compared to analysts' expectations of $9.85 million. On average, analysts predict 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.