Reed’s (OTCMKTS:REED) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Reed’s (OTCMKTS:REED) in a report published on Monday. The brokerage issued a sell rating on the stock.

Separately, Roth Capital reaffirmed a “buy” rating on shares of Reed’s in a research note on Wednesday, April 23rd.

Reed’s Trading Up 0.2%

OTCMKTS:REED opened at $1.18 on Monday. Reed’s has a 12-month low of $0.51 and a 12-month high of $1.93. The stock has a 50-day moving average price of $1.50 and a 200 day moving average price of $1.17. The stock has a market capitalization of $53.63 million, a P/E ratio of -0.29 and a beta of 0.49.

Reed’s (OTCMKTS:REED) last released its earnings results on Tuesday, May 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The company had revenue of $10.03 million during the quarter, compared to analysts’ expectations of $9.85 million. On average, research analysts predict 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.