StockNews.com assumed coverage on shares of Reed’s (OTCMKTS:REED – Free Report) in a research note issued to investors on Friday morning. The firm issued a sell rating on the stock.
Separately, Roth Capital set a $1.75 target price on shares of Reed’s in a research note on Thursday, March 27th.
Check Out Our Latest Report on Reed’s
Reed’s Trading Up 12.0 %
Reed’s (OTCMKTS:REED – Get Free Report) last released its earnings results on Tuesday, March 25th. The company reported ($0.23) EPS for the quarter. The firm had revenue of $9.73 million during the quarter, compared to the consensus estimate of $8.68 million. Analysts predict that Reed’s will post -1.22 EPS 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.
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