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

Investment analysts at StockNews.com initiated coverage on shares of Reed’s (NYSE:REED) in a note issued to investors on Thursday. The firm set a “sell” rating on the stock.

Reed’s Trading Down 12.2 %

REED stock opened at $0.79 on Thursday. Reed’s has a 1-year low of $0.55 and a 1-year high of $2.42. The business’s 50 day moving average is $1.25 and its 200-day moving average is $1.38. The firm has a market cap of $3.31 million, a P/E ratio of -0.19 and a beta of 1.10.

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.