Reeds (NASDAQ:REED) Downgraded by ValuEngine to “Hold”

ValuEngine downgraded shares of Reeds (NASDAQ:REED) from a buy rating to a hold rating in a research report released on Thursday, ValuEngine reports.

Separately, R. F. Lafferty initiated coverage on shares of Reeds in a research report on Friday, May 10th. They issued a buy rating and a $5.00 price objective for the company.

REED stock opened at $2.08 on Thursday. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.63 and a quick ratio of 0.80. The company has a 50 day moving average price of $3.28 and a 200 day moving average price of $3.21. Reeds has a fifty-two week low of $1.90 and a fifty-two week high of $4.05. The stock has a market capitalization of $70.81 million, a PE ratio of -5.47 and a beta of 1.28.

About Reeds

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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