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 research report issued to clients and investors on Tuesday. The brokerage set a “sell” rating on the stock.

Reed’s Trading Down 8.5 %

Shares of REED opened at $1.40 on Tuesday. Reed’s has a 12 month low of $0.51 and a 12 month high of $2.42. The stock’s 50 day moving average is $1.00 and its two-hundred day moving average is $1.09. The firm has a market cap of $11.46 million, a P/E ratio of -0.34 and a beta of 1.00.

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.