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

StockNews.com began coverage on shares of Reed’s (NYSE:REEDGet Rating) in a report issued on Sunday. The brokerage set a “sell” rating on the stock.

Shares of NYSE REED opened at $0.20 on Friday. Reed’s has a 1 year low of $0.18 and a 1 year high of $1.17. The stock’s 50 day moving average price is $0.25.

Reed’s (NYSE:REEDGet Rating) last announced its earnings results on Thursday, March 31st. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The company had revenue of $12.78 million for the quarter.

Reed’s Company Profile (Get Rating)

Reed's, Inc engages in the manufacture and distribution of natural hand-crafted beverages in the craft specialty foods industry in the United States, Canada, Asia, Europe, Australia, and South America. It offers Reed's craft ginger beers; Reed's real ginger ales; Reed's ready to drink products; Virgil's handcrafted sodas; ginger candy; and other ginger beverages under the Reed's brand.

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