Reeds (OTCMKTS:REED) Stock Rating Upgraded by Alliance Global Partners

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

Reeds Stock Down 4.5%

Shares of Reeds stock opened at $2.74 on Monday. Reeds has a 52 week low of $2.60 and a 52 week high of $12.00. The company has a market capitalization of $24.51 million, a PE ratio of -0.37 and a beta of 0.54. The stock’s fifty day moving average is $5.73 and its two-hundred day moving average is $6.18.

Reeds (OTCMKTS:REED) last posted its quarterly earnings results on Monday, November 3rd. The company reported ($0.48) EPS for the quarter. The company had revenue of $7.03 million during the quarter. Reeds had a negative return on equity of 358.36% and a negative net margin of 42.48%. As a group, research analysts anticipate that Reeds will post -1.22 earnings per share for the current 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.