Sidoti Upgrades Reed's to Buy (REED)
Reed's (NYSE:REED) was upgraded by investment analysts at Sidoti from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports.
Reed's (NYSE:REED) opened at 5.885 on Wednesday. Reed's has a 52 week low of $4.26 and a 52 week high of $8.98. The stock has a 50-day moving average of $5.10 and a 200-day moving average of $5.85. The company’s market cap is $76.8 million.
Reed's (NYSE:REED) last announced its earnings results on Tuesday, August 12th. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.01 by $0.04.
Reed’s, Inc develop, manufacture, market, and sell natural non-alcoholic and New Age beverages, candies and ice creams.
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