Research analysts at StockNews.com began coverage on shares of Reed's (OTCMKTS:REED - Get Free Report) in a research note issued to investors on Tuesday. The brokerage set a "sell" rating on the stock.
Separately, Roth Capital reaffirmed a "buy" rating on shares of Reed's in a research report on Wednesday, April 23rd.
View Our Latest Analysis on REED
Reed's Stock Performance
OTCMKTS:REED traded down $0.25 during mid-day trading on Tuesday, hitting $1.00. The company had a trading volume of 152,282 shares, compared to its average volume of 8,277. Reed's has a fifty-two week low of $0.51 and a fifty-two week high of $1.93. The business's fifty day moving average is $1.52 and its two-hundred day moving average is $1.17. The firm has a market cap of $45.37 million, a P/E ratio of -0.25 and a beta of 0.49.
Reed's (OTCMKTS:REED - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.01). The company had revenue of $10.03 million during the quarter, compared to analyst estimates of $9.85 million. Equities analysts forecast that Reed's will post -1.22 earnings per share for the current year.
About Reed's
(
Get Free Report)
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.
Featured Stories
Before you consider Reed's, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Reed's wasn't on the list.
While Reed's currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
