Reeds (OTCMKTS:REED) Trading 4.8% Higher – Time to Buy?

Reeds, Inc. (OTCMKTS:REED)’s stock price traded up 4.8% during trading on Wednesday . The stock traded as high as $0.92 and last traded at $0.9114. Approximately 51,196 shares traded hands during trading, an increase of 22% from the average session volume of 41,996 shares. The stock had previously closed at $0.87.

Reeds Price Performance

The firm has a market capitalization of $10.81 million, a price-to-earnings ratio of -0.12 and a beta of 0.26. The stock has a fifty day moving average of $1.02 and a two-hundred day moving average of $2.17.

Institutional Investors Weigh In On Reeds

An institutional investor recently bought a new stake in Reeds stock. Jane Street Group LLC acquired a new position in shares of Reeds, Inc. (OTCMKTS:REED) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,129 shares of the company’s stock, valued at approximately $32,000. Jane Street Group LLC owned 0.17% of Reeds as of its most recent SEC filing. 51.48% of the stock is currently owned by institutional investors.

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.