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

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

Reed’s Stock Performance

NYSE:REED opened at $0.64 on Monday. The firm has a market cap of $5.21 million, a price-to-earnings ratio of -0.16 and a beta of 0.96. The firm’s fifty day moving average is $0.96 and its two-hundred day moving average is $1.26. Reed’s has a one year low of $0.51 and a one year 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.