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

StockNews.com started coverage on shares of Reed’s (NYSE:REEDFree Report) in a research report report published on Tuesday. The firm issued a sell rating on the stock.

Reed’s Stock Performance

Shares of REED stock opened at $1.63 on Tuesday. The firm’s 50 day moving average price is $1.75 and its 200-day moving average price is $2.23. Reed’s has a one year low of $1.35 and a one year high of $3.90. The firm has a market cap of $6.80 million, a P/E ratio of -0.30 and a beta of 1.14.

Reed’s Company Profile

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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 Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas.

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