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

Equities research analysts at StockNews.com began coverage on shares of Reed’s (NYSE:REED) in a report released on Tuesday. The firm set a “sell” rating on the stock.

Reed’s Stock Down 8.5 %

Shares of NYSE:REED opened at $1.40 on Tuesday. Reed’s has a 52-week low of $0.51 and a 52-week high of $2.42. The stock has a market cap of $11.46 million, a price-to-earnings ratio of -0.34 and a beta of 1.00. The business has a 50-day moving average price of $1.00 and a 200-day moving average price of $1.09.

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.