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

Equities researchers at StockNews.com initiated coverage on shares of Reed’s (NYSE:REED) in a research report issued to clients and investors on Monday. The brokerage set a “sell” rating on the stock.

Reed’s Trading Up 5.1 %

Shares of REED opened at $1.23 on Monday. The stock has a market cap of $10.09 million, a P/E ratio of -0.30 and a beta of 1.00. Reed’s has a 1 year low of $0.51 and a 1 year high of $2.42. The stock’s 50-day moving average price is $0.88 and its two-hundred day moving average price is $1.09.

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.