Reed’s (NYSE:REED) Now Covered by Analysts at StockNews.com

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

Reed’s Stock Performance

REED opened at $0.87 on Thursday. The business has a 50 day moving average price of $1.24 and a 200 day moving average price of $1.38. The firm has a market cap of $3.62 million, a P/E ratio of -0.21 and a beta of 1.10. Reed’s has a twelve month low of $0.51 and a twelve month high of $2.42.

About Reed’s

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.