Reed’s (OTCMKTS:REED) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Reed’s (OTCMKTS:REED) in a research report issued to clients and investors on Monday. 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.

Reed’s Stock Performance

Shares of OTCMKTS REED traded up $0.18 during midday trading on Monday, hitting $1.18. 8,820 shares of the company’s stock traded hands, compared to its average volume of 8,282. Reed’s has a 1 year low of $0.51 and a 1 year high of $1.93. The stock has a market capitalization of $53.54 million, a price-to-earnings ratio of -0.29 and a beta of 0.49. The firm has a fifty day moving average of $1.51 and a 200 day moving average of $1.17.

Reed’s (OTCMKTS:REED) last released its earnings results on Tuesday, May 13th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The business had revenue of $10.03 million during the quarter, compared to analyst estimates of $9.85 million. On average, equities analysts anticipate that Reed’s will post -1.22 earnings per share 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.