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 note issued to investors on Tuesday. The brokerage set a “sell” rating on the stock.

Reed’s Price Performance

Shares of REED opened at $0.64 on Tuesday. The firm has a market capitalization of $5.24 million, a PE ratio of -0.16 and a beta of 0.96. The company’s 50-day moving average is $0.90 and its 200-day moving average is $1.23. Reed’s has a fifty-two week low of $0.51 and a fifty-two week high of $2.42.

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.