Zacks Investment Research upgraded Reed's, Inc. (NYSE:REED) to Hold in a statement released earlier today.
- Updated: October 15, 2016
Yesterday Reed's, Inc. (NYSE:REED) traded 3.41% higher at $4.03. The company’s 50-day moving average is $3.63 and its 200-day moving average is $3.45. The last closing price is up 22.99% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 206,880 shares of the stock were exchanged, up from an average trading volume of 74,468
Zacks Investment Research has upgraded Reed's, Inc. (NYSE:REED) to Hold in a report released on Wednesday October 12, 2016.
Previously on 8/5/2016, Wunderlich reported on Reed's, Inc. (NYSE:REED) lowered the target price from $10.00 to $8.00. At the time, this indicated a possible upside of 2.14%.
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Reed's, Inc. has a 52 week low of $2.25 and a 52 week high of $6.91 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 5 brokers have issued a report on Reed's, Inc.. The 12-month price target is $9.36 with two analysts rating the company a strong buy, three analysts rating the company a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Reed's, Inc. (NYSE:REED)
Reed's, Inc. develops, manufactures, markets and sells natural non-alcoholic carbonated soft drinks, Kombucha, candies and ice creams. The Company manufactures, licenses, markets and sells several product lines, such as Reed's Ginger Brews; Virgil's Root Beer, Cream Sodas, Dr. Better and Real Cola, including ZERO diet sodas; Culture Club Kombucha; China Colas; Reed's Ginger candy and ice creams, and Sonoma Sparkler and other juice based products. The Company sells its products throughout the United States and in select international markets. It sells products through a network of natural, gourmet and beer distributors and direct to certain large national retailers. The Company also has private label business. The Company manufactures and sells beverages and candies or other ginger related products. The Company produces carbonated beverages in multiple facilities, including a facility in Los Angeles, California, known as The Brewery.
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