Reeds (REED) Coverage Initiated by Analysts at R. F. Lafferty

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R. F. Lafferty started coverage on shares of Reeds (NASDAQ:REED) in a research note published on Friday, Stock Target Advisor reports. The firm issued a buy rating and a $5.00 target price on the stock.

Shares of NASDAQ:REED opened at $3.81 on Friday. Reeds has a 52 week low of $1.90 and a 52 week high of $4.05.

Reeds (NASDAQ:REED) last announced its quarterly earnings data on Thursday, March 28th. The company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.04). The company had revenue of $9.63 million for the quarter, compared to analysts’ expectations of $9.52 million.

Reeds Company Profile

Reed's, Inc develops, manufactures, markets, and sells natural hand-crafted beverages and candies in the United States, Canada, Asia, Europe, Australia, and South America. Its products include Reed's ginger beers; Virgil's root beer and cream sodas; Flying Cauldron Butterscotch Beer; and Sonoma Sparkler branded sparkling juices.

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