Reed’s (NYSE:REED) Receives New Coverage from Analysts at started coverage on shares of Reed’s (NYSE:REEDFree Report) in a research report sent to investors on Sunday morning. The firm issued a sell rating on the stock.

Separately, Roth Mkm lowered their target price on shares of Reed’s from $17.00 to $7.00 and set a buy rating on the stock in a research report on Monday, August 14th.

View Our Latest Research Report on Reed’s

Reed’s Stock Down 8.5 %

Shares of Reed’s stock opened at $2.70 on Friday. The firm has a market capitalization of $7.02 million, a P/E ratio of -0.49 and a beta of 1.42. Reed’s has a 52 week low of $1.50 and a 52 week high of $7.23. The firm’s 50 day moving average is $3.06 and its two-hundred day moving average is $2.95.

Reed’s (NYSE:REEDGet Free Report) last announced its earnings results on Thursday, November 9th. The company reported ($0.34) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.06. The business had revenue of $11.86 million for the quarter, compared to analysts’ expectations of $15.38 million. As a group, research analysts expect that Reed’s will post -3.26 earnings per share for the current fiscal year.

About Reed’s

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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 Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas.

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