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

Equities researchers at StockNews.com assumed coverage on shares of Reed’s (NYSE:REED) in a research report issued on Saturday. The firm set a “sell” rating on the stock.

Reed’s Trading Down 2.5 %

Shares of REED opened at $0.62 on Friday. The stock has a 50 day simple moving average of $1.10 and a 200-day simple moving average of $1.33. The stock has a market cap of $5.08 million, a PE ratio of -0.15 and a beta of 0.96. Reed’s has a 1 year low of $0.51 and a 1 year high of $2.42.

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.