Reeds (OTCMKTS:REED) Trading Down 1% – Should You Sell?

Shares of Reeds, Inc. (OTCMKTS:REED) traded down 1% during mid-day trading on Thursday . The company traded as low as $0.81 and last traded at $0.8250. 5,867 shares were traded during trading, a decline of 81% from the average session volume of 30,787 shares. The stock had previously closed at $0.8336.

Reeds Stock Down 1.0%

The company has a market cap of $9.78 million, a P/E ratio of -0.11 and a beta of 0.22. The company has a 50 day moving average price of $1.34 and a 200-day moving average price of $2.39.

Hedge Funds Weigh In On Reeds

An institutional investor recently bought a new stake in Reeds stock. Jane Street Group LLC bought a new stake in shares of Reeds, Inc. (OTCMKTS:REED) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 15,129 shares of the company’s stock, valued at approximately $32,000. Jane Street Group LLC owned 0.17% of Reeds at the end of the most recent quarter. 51.48% of the stock is owned by hedge funds and other institutional investors.

Reeds Company Profile

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.