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Reed's (NYSE:REED)‘s stock had its “buy” rating reaffirmed by investment analysts at Singular Research in a note issued to investors on Friday. They currently have a $8.50 price target on the stock. Singular Research’s price target points to a potential upside of 40.03% from the company’s current price.

Reed's (NYSE:REED) traded up 0.29% during mid-day trading on Friday, hitting $6.0673. The stock had a trading volume of 4,896 shares. Reed's has a 52-week low of $4.26 and a 52-week high of $8.98. The stock’s 50-day moving average is $5.43 and its 200-day moving average is $5.78. The company’s market cap is $79.2 million.

Reed's (NYSE:REED) last released its earnings data 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. Analysts expect that Reed's will post $0.05 EPS for the current fiscal year.

Separately, analysts at Sidoti upgraded shares of Reed's from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 13th.

Reed’s, Inc develop, manufacture, market, and sell natural non-alcoholic and New Age beverages, candies and ice creams.

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