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

Equities researchers at StockNews.com assumed coverage on shares of Reed’s (NYSE:REED) in a research note issued on Wednesday. The firm set a “sell” rating on the stock.

Reed’s Price Performance

Shares of Reed’s stock opened at $0.61 on Wednesday. The stock has a market capitalization of $5.00 million, a P/E ratio of -0.15 and a beta of 0.90. Reed’s has a one year low of $0.51 and a one year high of $2.42. The business’s 50 day simple moving average is $0.80 and its two-hundred day simple moving average is $1.17.

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.