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

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

Reed’s Stock Performance

Shares of NYSE:REED opened at $0.62 on Wednesday. The company has a 50 day moving average price of $0.82 and a two-hundred day moving average price of $1.18. The company has a market capitalization of $5.09 million, a PE ratio of -0.15 and a beta of 0.90. Reed’s has a 52 week low of $0.51 and a 52 week 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.