Reed’s (NYSE:REED) Earns Sell Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Reed’s (NYSE:REED) in a report released on Saturday. The firm set a “sell” rating on the stock.

Reed’s Stock Performance

Shares of REED stock opened at $1.20 on Friday. Reed’s has a twelve month low of $0.51 and a twelve month high of $2.42. The stock has a 50 day moving average of $0.76 and a 200 day moving average of $1.11. The stock has a market cap of $9.82 million, a P/E ratio of -0.30 and a beta of 0.90.

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.