Reed’s (OTCMKTS:REED) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Reed’s (OTCMKTS:REED) in a report published on Tuesday morning. The firm issued 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 20.0%

Shares of REED opened at $1.00 on Tuesday. The business has a 50-day simple moving average of $1.51 and a two-hundred day simple moving average of $1.17. 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 $45.37 million, a price-to-earnings ratio of -0.25 and a beta of 0.49.

Reed’s (OTCMKTS:REED) last posted its quarterly 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 for 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 fiscal year.

About Reed’s

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.