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

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

Reed’s Trading Up 1.0 %

Shares of REED stock opened at $0.62 on Friday. Reed’s has a twelve month low of $0.51 and a twelve month high of $2.42. The business’s 50 day moving average is $1.16 and its two-hundred day moving average is $1.35. The company has a market capitalization of $5.08 million, a P/E ratio of -0.15 and a beta of 1.10.

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.