Reeds, Inc. (OTCMKTS:REED – Get Free Report) shares fell 0.4% during mid-day trading on Wednesday. The stock traded as low as $0.5604 and last traded at $0.6274. 228,269 shares were traded during trading, an increase of 293% from the average daily volume of 58,139 shares. The stock had previously closed at $0.6299.
Reeds Trading Up 0.0%
The company’s 50-day moving average is $0.89 and its 200 day moving average is $2.01. The stock has a market capitalization of $7.72 million, a PE ratio of -0.09 and a beta of 0.31.
Reeds Company Profile
Reed’s, Inc is a beverage company focused on developing, producing and marketing non-alcoholic natural and craft beverages. Its portfolio has historically included Reed’s Ginger Beer, made with real ginger, and Virgil’s craft sodas, including root beer and other soda varieties.
The company’s products have been marketed primarily in the United States through grocery stores, natural and specialty food retailers, club stores, convenience channels and e-commerce. Reed’s has also pursued distribution through food-service and other retail partners.
Reed’s was founded in 1987 by Christopher J.
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