Reeds (OTCMKTS:REED) Upgraded to Strong-Buy at Alliance Global Partners

Reeds (OTCMKTS:REED) was upgraded by stock analysts at Alliance Global Partners to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Reeds Stock Performance

Shares of REED opened at $2.74 on Monday. The firm has a market cap of $24.51 million, a P/E ratio of -0.37 and a beta of 0.54. Reeds has a twelve month low of $2.60 and a twelve month high of $12.00. The firm’s 50 day moving average price is $5.73 and its two-hundred day moving average price is $6.18.

Reeds (OTCMKTS:REED) last issued its quarterly earnings data on Monday, November 3rd. The company reported ($0.48) EPS for the quarter. The company had revenue of $7.03 million for the quarter. Reeds had a negative return on equity of 358.36% and a negative net margin of 42.48%. On average, sell-side analysts anticipate that Reeds will post -1.22 earnings per share for the current fiscal year.

About Reeds

Reed’s, Inc is a U.S.-based beverage company specializing in the development, production and distribution of craft soft drinks, mixers and functional beverages that feature real ginger and other natural ingredients. The company’s flagship Reed’s Ginger Brew line includes Original, Extra and Stronger formulations, each brewed using fresh ginger root to deliver a balance of spicy flavor and perceived health benefits. Reed’s also markets a portfolio of craft sodas under the Virgil’s brand, offering varieties such as Root Beer, Craft Cola and Vanilla Cream Soda without artificial sweeteners or preservatives.

Founded in 1989 by Christopher J.