Reed’s (OTCMKTS:REED) Posts Earnings Results

Reed’s (OTCMKTS:REED) announced its earnings results on Tuesday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01), Zacks reports.

Reed’s Stock Up 1.2%

Shares of REED stock opened at $1.75 on Wednesday. The stock has a 50-day simple moving average of $1.52 and a 200 day simple moving average of $1.17. Reed’s has a fifty-two week low of $0.51 and a fifty-two week high of $1.93. The stock has a market capitalization of $79.40 million, a P/E ratio of -0.43 and a beta of 0.49.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on REED. StockNews.com began coverage on Reed’s in a research note on Tuesday. They set a “sell” rating for the company. Roth Capital restated a “buy” rating on shares of Reed’s in a research note on Wednesday, April 23rd.

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.