Reed’s (OTCMKTS:REED) Posts Quarterly Earnings Results

Reed’s (OTCMKTS:REED) released its earnings results on Tuesday. The company reported ($0.23) earnings per share (EPS) for the quarter, Zacks reports.

Reed’s Trading Up 13.8 %

Shares of REED stock traded up $0.18 during trading hours on Tuesday, reaching $1.48. 4,089 shares of the company’s stock were exchanged, compared to its average volume of 4,975. Reed’s has a fifty-two week low of $0.51 and a fifty-two week high of $2.42. The stock’s 50 day moving average is $1.26 and its 200-day moving average is $1.10. The company has a market cap of $12.12 million, a price-to-earnings ratio of -0.36 and a beta of 0.96.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Reed’s in a research note on Tuesday, February 25th. They set a “sell” rating on the stock.

Reed’s Company Profile

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.