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

StockNews.com initiated coverage on shares of Reed’s (NYSE:REED) in a research report report published on Sunday. The brokerage issued a sell rating on the stock.

Reed’s Trading Up 6.2 %

Shares of NYSE:REED opened at $0.65 on Friday. The firm’s 50 day moving average is $1.02 and its two-hundred day moving average is $1.29. The firm has a market capitalization of $5.35 million, a P/E ratio of -0.16 and a beta of 0.96. Reed’s has a 52 week low of $0.51 and a 52 week high of $2.42.

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.