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

Stock analysts at StockNews.com began coverage on shares of Reed’s (NYSE:REED) in a research note issued on Tuesday. The brokerage set a “sell” rating on the stock.

Reed’s Price Performance

Shares of Reed’s stock opened at $1.56 on Tuesday. The stock has a market capitalization of $12.77 million, a P/E ratio of -0.38 and a beta of 1.00. The business has a 50 day simple moving average of $0.96 and a two-hundred day simple moving average of $1.09. Reed’s has a 12 month low of $0.51 and a 12 month 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.