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

Investment analysts at StockNews.com started coverage on shares of Reed’s (NYSE:REED) in a research report issued to clients and investors on Friday. The brokerage set a “sell” rating on the stock.

Reed’s Price Performance

Shares of REED opened at $1.12 on Friday. Reed’s has a 12 month low of $0.51 and a 12 month high of $2.42. The stock has a fifty day moving average price of $0.73 and a 200 day moving average price of $1.11. The company has a market cap of $9.17 million, a P/E ratio of -0.28 and a beta of 0.90.

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.