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

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

Reed’s Price Performance

Shares of REED stock opened at $0.64 on Tuesday. Reed’s has a one year low of $0.51 and a one year high of $2.42. The stock has a market cap of $5.24 million, a P/E ratio of -0.16 and a beta of 0.96. The stock has a fifty day moving average price of $0.90 and a 200 day moving average price of $1.23.

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.