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

Analysts at StockNews.com assumed coverage on shares of Reed’s (NYSE:REED) in a report released on Sunday. The firm set a “sell” rating on the stock.

Reed’s Price Performance

Shares of NYSE REED opened at $0.69 on Friday. The firm has a market capitalization of $5.65 million, a PE 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. The business’s fifty day moving average price is $1.01 and its two-hundred day moving average price is $1.29.

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.