Reeds, Inc. (OTCMKTS:REED - Get Free Report) shares rose 0.9% on Friday . The company traded as high as $1.12 and last traded at $1.11. Approximately 3,132 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 6,861 shares. The stock had previously closed at $1.10.
Analyst Ratings Changes
Separately, Wall Street Zen began coverage on Reeds in a report on Monday, May 19th. They set a "sell" rating on the stock. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $1.75.
View Our Latest Report on Reeds
Reeds Stock Up 0.9%
The stock has a 50-day simple moving average of $1.04 and a 200 day simple moving average of $1.24. The company has a market cap of $53.05 million, a PE ratio of -0.89 and a beta of 0.21.
Reeds (OTCMKTS:REED - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.06). The company had revenue of $9.52 million during the quarter, compared to analysts' expectations of $10.29 million. As a group, research analysts anticipate that Reeds, Inc. will post -1.22 earnings per share for the current fiscal year.
About Reeds
(
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 Articles
Before you consider Reeds, 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 Reeds wasn't on the list.
While Reeds currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here

We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.