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

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

Reed’s Price Performance

NYSE:REED opened at $1.22 on Friday. The company has a market capitalization of $9.99 million, a P/E ratio of -0.30 and a beta of 1.00. The business has a fifty day simple moving average of $0.83 and a two-hundred day simple moving average of $1.10. Reed’s has a 1 year low of $0.51 and a 1 year high of $2.42.

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.