Equities researchers at StockNews.com initiated coverage on shares of Reed's (OTCMKTS:REED - Get Free Report) in a research note issued on Friday. The firm set a "sell" rating on the stock.
Separately, Roth Capital reissued a "buy" rating on shares of Reed's in a research note on Wednesday, April 23rd.
Read Our Latest Stock Analysis on Reed's
Reed's Stock Performance
Shares of Reed's stock traded down $0.09 on Friday, hitting $1.79. The company's stock had a trading volume of 17,213 shares, compared to its average volume of 6,742. The company has a market capitalization of $81.21 million, a price-to-earnings ratio of -0.44 and a beta of 0.62. The firm has a fifty day moving average price of $1.47 and a 200-day moving average price of $1.14. Reed's has a 1 year low of $0.51 and a 1 year high of $1.93.
Reed's (OTCMKTS:REED - Get Free Report) last announced its earnings results on Tuesday, March 25th. The company reported ($0.23) earnings per share (EPS) for the quarter. The firm had revenue of $9.73 million during the quarter, compared to analysts' expectations of $8.68 million. As a group, analysts forecast that Reed's will post -1.22 EPS 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.
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