Reeds, Inc.’s (OTCMKTS:REED) Quiet Period Will Expire on January 14th

Reeds’ (OTCMKTS:REED) quiet period is set to expire on Wednesday, January 14th. Reeds had issued 2,500,000 shares in its initial public offering on December 5th. The total size of the offering was $10,000,000 based on an initial share price of $4.00. During Reeds’ quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners upgraded Reeds to a “strong-buy” rating in a report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, Reeds currently has a consensus rating of “Strong Buy” and a consensus target price of $10.50.

Reeds Price Performance

Shares of OTCMKTS:REED opened at $2.15 on Friday. The company has a market cap of $19.23 million, a PE ratio of -0.29 and a beta of 0.62. The stock’s 50-day moving average is $4.78 and its 200 day moving average is $5.67. Reeds has a 1 year low of $1.75 and a 1 year high of $12.00.

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