Equities researchers at StockNews.com started coverage on shares of Reed's (OTCMKTS:REED - Get Free Report) in a research note issued to investors on Thursday. The firm set a "sell" rating on the stock.
Separately, Roth Capital set a $1.75 target price on shares of Reed's in a research note on Thursday, March 27th.
Get Our Latest Stock Analysis on Reed's
Reed's Stock Up 3.6 %
REED stock traded up $0.06 during trading on Thursday, hitting $1.75. 8,655 shares of the company's stock traded hands, compared to its average volume of 6,275. Reed's has a 1 year low of $0.51 and a 1 year high of $1.88. The business has a fifty day simple moving average of $1.40 and a two-hundred day simple moving average of $1.11. The firm has a market capitalization of $79.40 million, a P/E ratio of -0.43 and a beta of 0.62.
Reed's (OTCMKTS:REED - Get Free Report) last issued its quarterly earnings results on Tuesday, March 25th. The company reported ($0.23) earnings per share for the quarter. The firm had revenue of $9.73 million during the quarter, compared to analyst estimates of $8.68 million. On average, equities research analysts predict that Reed's will post -1.22 EPS for the current fiscal year.
Reed's Company Profile
(
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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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