Reed’s (NYSE:REED) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Reed’s (NYSE:REED) in a research note published on Monday morning. The firm issued a sell rating on the stock.

Reed’s Stock Performance

Shares of REED opened at $0.67 on Monday. The firm has a fifty day moving average of $0.92 and a 200-day moving average of $1.24. The company has a market cap of $5.49 million, a price-to-earnings ratio of -0.17 and a beta of 0.96. Reed’s has a 1 year low of $0.51 and a 1 year high of $2.42.

Reed’s Company Profile

Reed's, Inc engages in the manufacture and distribution of natural beverages in the United States. The company offers Reed's craft ginger beer; Reed's real ginger ales; Reed's Classic Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas.