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

Investment analysts at StockNews.com began coverage on shares of Reed's (OTCMKTS:REED - Get Free Report) in a note issued to investors on Friday. The firm set a "sell" rating on the stock.

Separately, Roth Capital reiterated a "buy" rating on shares of Reed's in a research report on Wednesday.

Reed's Stock Performance

Shares of OTCMKTS REED traded up $0.02 during trading on Friday, reaching $1.85. The stock had a trading volume of 6,245 shares, compared to its average volume of 6,517. The stock has a market cap of $83.94 million, a PE ratio of -0.46 and a beta of 0.62. Reed's has a one year low of $0.51 and a one year high of $1.88. The firm's 50 day moving average price is $1.43 and its two-hundred day moving average price is $1.13.

Reed's (OTCMKTS:REED - Get Free Report) last released its earnings results on Tuesday, March 25th. The company reported ($0.23) earnings per share for the quarter. The business had revenue of $9.73 million for the quarter, compared to analysts' expectations of $8.68 million. On average, research analysts expect 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.