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

Research analysts at StockNews.com started coverage on shares of Reed’s (NYSE:REED) in a research report issued on Sunday. The firm set a “sell” rating on the stock.

Reed’s Price Performance

NYSE REED opened at $0.65 on Friday. The company has a market cap of $5.35 million, a P/E ratio of -0.16 and a beta of 0.96. The stock has a 50-day moving average of $1.02 and a two-hundred day moving average of $1.29. 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.