StockNews.com Initiates Coverage on Reed’s (NYSE:REED)

StockNews.com assumed coverage on shares of Reed’s (NYSE:REED) in a report published on Tuesday morning. The firm issued a sell rating on the stock.

Reed’s Price Performance

NYSE:REED opened at $0.71 on Tuesday. Reed’s has a 1-year low of $0.51 and a 1-year high of $2.42. The company has a 50-day moving average of $0.86 and a 200 day moving average of $1.21. The firm has a market cap of $5.81 million, a PE ratio of -0.17 and a beta of 0.96.

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.