200,572 Shares in Reed's, Inc. (REED) Acquired by Fmr LLC
Fmr LLC acquired a new position in shares of Reed's, Inc. (NYSE:REED) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 200,572 shares of the consumer goods maker’s stock, valued at approximately $822,000. Fmr LLC owned 1.44% of Reed's as of its most recent SEC filing.
Shares of Reed's, Inc. (NYSE:REED) opened at 4.35 on Friday. The firm’s 50-day moving average is $4.00 and its 200 day moving average is $4.09. The stock’s market cap is $60.50 million. Reed's, Inc. has a 12 month low of $2.25 and a 12 month high of $4.74.
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Separately, Zacks Investment Research cut shares of Reed's from a “hold” rating to a “sell” rating in a research report on Wednesday, January 11th.
Reed's Company Profile
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.
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