Reed's (OTCMKTS:REED) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Reed's (OTCMKTS:REED - Get Free Report) in a report issued on Thursday. The brokerage set 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 Down 2.9 %

OTCMKTS:REED traded down $0.05 on Thursday, hitting $1.73. The stock had a trading volume of 585 shares, compared to its average volume of 6,529. Reed's has a 52-week low of $0.51 and a 52-week high of $1.93. The stock has a market cap of $78.49 million, a price-to-earnings ratio of -0.43 and a beta of 0.49. The business's 50-day simple moving average is $1.49 and its two-hundred day simple moving average is $1.15.

Reed's (OTCMKTS:REED - Get Free Report) last issued its quarterly earnings data on Tuesday, March 25th. The company reported ($0.23) earnings per share (EPS) for the quarter. The firm had revenue of $9.73 million for the quarter, compared to analysts' expectations of $8.68 million. As a group, equities research analysts anticipate that Reed's will post -1.22 EPS 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.